Home Price Watch: Sales Prices Rise 12 Percent in Woodridge

by Lark Turner

Home Price Watch: Sales Prices Rise 12 Percent in Woodridge: Figure 1
A home on the market in Woodridge.

In this week’s Home Price Watch, UrbanTurf goes to Woodridge, where the median sales price for homes has risen by double digits since last year.

Woodridge sits north of Bladensburg Road and south of Michigan Avenue, with Eastern Avenue to the east. South Dakota Avenue and 18th Street form its western boundary. The neighborhood is known for having relatively affordable homes that sit on large lots, and it has been attracting investors, as well as buyers wanting more for their dollar, for years. It looks like that investment is paying off.

The value of homes in the neighborhood rose significantly over the past year, according to data provided by RealEstate Business Intelligence (RBI). The segmented data from the real estate data firm shows a year-over-year snapshot in the legal Woodridge subdivision between January-August 2013 and January-August 2014.

Last year, the median sales price of homes in Woodridge house was $345,000. That’s risen by 12 percent, to $386,250, in 2014. The increase in value has coincided with an increase in list prices, as sellers now know their homes can command a better price in this year’s market. List prices have risen 7.4 percent, from $375,585 to $403,464, in the past 12 months.

A few more takeaways from the data:

  • Despite rising list prices, homes are still selling for less than their asking price in Woodridge, but the margin is getting slimmer. In 2013, the average sales price to original list price ratio was 95.8 percent. This year, it’s gone up to 99.4 percent.
  • The majority of homes sold in Woodridge in 2014 have done so within ten days of being listed, but a handful have sat on the market for months. That has pushed up the average days on market metric from 48 in 2013 to 52 this year.
  • Twelve of the 69 homes sold so far this year were purchased in all-cash transactions, generally an indicator of an investment purchase in a neighborhood like Woodridge, whereas 40 of the homes sold were bought using conventional financing.

See other articles related to: woodridge, home price watch

This article originally published at https://dc.urbanturf.com/articles/blog/home_price_watch_woodridge_where_sales_are_up_12_percent/8994


  1. simpgeek said at 9:55 pm on Monday September 22, 2014:
    Your second bullet doesn't make any sense. The median of {1,2,3} is the same as the median of {1,2,43434501289081245209582345}
  1. Lark Turner said at 10:06 pm on Monday September 22, 2014:
    Hey simpgeek, you're right. The metric is an average. We've corrected the error. Lark

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!

Northern Virginia

Profiles of 14 neighborhoods across Northern Virginia

Looking to Give People A Reason to Stay Past 6pm
Happily Straddling the Line Between City and Suburb
Columbia Pike
Arlington’s Neglected Stepchild is Getting a Makeover
Crystal City
Turning Lemons into Lemonade
Lyon Village
Developing An Air of Exclusivity?
Hitting Its Growth Spurt
An Urban Village Hitting Its Stride
Del Ray
Virginia’s Small Town Near the Big City
Eisenhower Avenue
The Vibrancy Might Take a Few Years
The Quiet Neighborhood By the Beltway
Old Town
Mayberry By The Potomac
132 Commerical-Free Acres
Downtown Falls Church
Staying the Same in the Midst of Change
Tysons Corner
Radical Change Could Be On The Way

See more Northern Virginia »


Profiles of 14 neighborhoods in suburban Maryland

Small-Town Living in the State Capital
Bedroom Community Gets Buzzing Cache
Cabin John
In With The New While Maintaining the Old
Chevy Chase
Affluence, Green Lawns and Pricey Homes
Downtown Silver Spring
Experiencing a Resurgence After a Bumpy History
A Suburb on Steroids
Rockville Town Square
Despite the Dynamism, Still Somewhat Generic
Takoma Park
More Than a Little Bit Quirky
A Foodie Magnet on the Verge of Change
Capitol Heights
Kudzu, Front Porches and Crime
Glass Half Full or Half Empty?
Mount Rainier
Artists, Affordable Homes and A Silo Full of Corn
National Harbor
A Development Rises Next to the Potomac
Riverdale Park
A Town Looking For Its Identity

See more Maryland »

Northwest DC

30+ neighborhood profiles for the city's biggest quadrant

16th Street Heights
DC's Sleeper Neighborhood
Where (Almost) Everyone Knows Your Name
AU Park
One of DC’s Last Frontiers Before the Suburbs
DC’s Northern Neighborhood on the Cusp
DC’s 535 House Neighborhood
Cathedral Heights
Do You Know Where That Is?
Chevy Chase DC
Not to Be Confused With the Other Chevy Chase
Cleveland Park
Coming Back After A Rough Year
Columbia Heights
DC’s Most Diverse Neighborhood, But For How Long?
An Island of Serenity East of the Park
Dupont Circle
The Best of DC (For a Price)
Foggy Bottom & West End
Where the Institutional Meets the International
Forest Hills
Ambassadors and Adventurous Architecture
Foxhall Village
350 Homes Just West of Georgetown
Friendship Heights
A Shopping Mecca With a Few Places to Live
History, Hoyas and H&M
Glover Park
One of DC’s Preppier and More Family-Friendly Neighborhoods
A Posh View From Embassy Row
LeDroit Park
A Quiet Enclave in the Middle of the City
Logan Circle
Trendy Now, But Not By Accident
Mount Pleasant
Sought-After Homes Surround Main Street in Transition
Mount Vernon Triangle
From Seedy to Sought-After
The Long, Skinny Neighborhood at the City’s Northwest Edge
Park View
It’s Not Petworth
Penn Quarter/Chinatown
DC’s Go-Go-Go Neighborhood
Getting a Vibrancy of Its Own
The Duke’s Former Stomping Ground
Shepherd Park
DC’s Garden of Diversity
Spring Valley
A Suburb With a DC Zip Code
Not To Be Confused With Takoma Park
Not Quite Like Its Neighbors
U Street Corridor
The Difference a Decade Makes
Woodley Park
Deceptively Residential
Adams Morgan
No Longer DC’s Hippest Neighborhood, But Still Loved by Residents

See more Northwest DC »

Southwest DC

The little quadrant that could

Southwest Waterfront
A Neighborhood Where A Change Is Gonna Come

See more Southwest DC »

Northeast DC

Profiles of 10 neighborhoods in NE

New Development Could Shake Up Pastoral Peace
A Little Bit of Country Just Inside the District’s Borders
Not to Be Confused With Bloomingdale
Fort Totten
Five Years Could Make a Big Difference
H Street
A Place To Party, and To Settle Down
The Northeast Neighborhood That Few Know About
Michigan Park
A Newsletter-On-Your-Doorstep Community
Evolving from a Brand to a Neighborhood
Ripe for Investment Right About Now
The Difference 5 Years Makes
Big Houses, A Dusty Commercial Strip and Potential

See more Northeast DC »

Southeast DC

6 neighborhoods from Capitol Hill to East of the River

Capitol Riverfront
Still Growing
Hill East
Capitol Hill’s Lesser Known Neighbor
Congress Heights
Gradually Rising
Notable for Its Neighborliness
Historic Anacostia
Future Promise Breeds Cautious Optimism
Eastern Market
A More European Way of Living

See more Southeast DC »