Home | Newsletter | Advertise
loading...

A Look at DC's Priciest Housing Market: Spring Valley, By the Numbers

  • July 21st 2020

by UrbanTurf Staff

A home that sold in May in Spring Valley. 

UrbanTurf is taking its annual look at the neighborhood housing markets around the DC region. Today, we head over to Spring Valley. 

Spring Valley is tucked away off Massachusetts Avenue near American University and is known for having some of the pricer homes for sale in the District. As the statistics below reveal, not only are homes expensive in Spring Valley, but they are large; the vast majority of listings sold this year had four or more bedrooms. As with many local markets these days, supply is also scant. Last year at this time, there was a four-month inventory of homes for sale. In June, it came in at about six weeks. 

  • $2.005 million -- The average sale price for homes sold in 2020, down about 4 percent compared to last year.
  • $2.137 million -- The average sale price of homes with 4+ bedrooms. 
  • 88% -- The percentage of homes sold that had 4+ bedrooms. 
  • 35% -- The percentage of homes that sold in ten days or less this year. 
  • 94.6% -- The average sales price to original list price ratio for homes sold in June. 
  • 1.33 -- The months of supply of homes on the market in June.

Similar Posts:

Photo courtesy of HomeVisit. 

This article originally published at https://dc.urbanturf.com/articles/blog/inside-dcs-priciest-housing-market-spring-valley-by-the-numbers/17091.

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. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse