A few weeks ago, UrbanTurf looked at condo and co-op prices around DC. Today, we are examining prices for another property type in the city: detached, single-family homes.
The median price for detached houses is up modestly in the city this year (4%) after breaking records in 2021, but appreciation varies pretty significantly in neighborhoods around DC.
Of the dozen or so neighborhoods that UrbanTurf looked at using Bright MLS data, Shepherd Park (17%), Chevy Chase (17%) and Cleveland Park (14%) saw the highest price appreciation for detached homes this year. While most neighborhoods had median prices north of $1 million, that wasn't always the case: Brookland ($970,000), Michigan Park ($807,000), Hillcrest ($595,000) and Deanwood ($505,000) have prices that don't reach that level.
The majority of neighborhoods above are proof that detached houses are the most in-demand property type in the city. The median days on market metric in the second quarter of 2022 was below 7 days in every neighborhood, except for Deanwood and Hillcrest.
Are you interested in prices for a neighborhood that you don't see above? Shoot us an email at editor(at)urbanturf.com.
Photo courtesy of HomeVisit.
This article originally published at https://dc.urbanturf.com/articles/blog/not-always-above-a-million-a-look-at-detached-single-family-home-prices-aro/20089.
Most Popular... This Week • Last 30 Days • Ever
The change would allow for an 80-acre portion of DC's 272-acre Armed Forces Retiremen... read »
The Capitol Hill home has been listed for sale that has a number of serious security ... read »
The listing will hit the market on Wednesday, according to the Washington Business Jo... read »
Today, UrbanTurf looks at what we think will be the metrics that will determine the d... read »
Located in the heart of Shaw, Intersect at O includes five elevator townhomes. The fi... read »
With interest rates reaching their highest levels in 22 years, it is critically impor... read »
The Church of the Epiphany has filed plans with the city to demolish the rear portion... read »
Just before the holiday, UrbanTurf is taking its semi-annual look at the neighborhood... read »
Plans have been filed with DC's Historic Preservation Office to convert the building ... read »
An application filed with DC this week signals the end is nigh for a McDonald's locat... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro