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Prices Up, Sales Down: The Anacostia Housing Market, By the Numbers
With the spring housing market underway, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today, we head to over to Anacostia.
Anacostia is a DC neighborhood that has seen home prices rise considerably over the last five years, and that remains the case in 2022. The median home price in the neighborhood east of the Anacostia River has risen 12% in 2022 to $532,000. However, it appears that rising prices are dampening sales, as sales volume is down 33% compared to the same period in 2021. A new report on the DC-area housing market comes out later this week and UrbanTurf expects to see an across the board drop in home sales as interest rates rise well above 5%.
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Below are some additional statistics we picked out about the Anacostia market.
- 50% -- The percentage of homes that are selling in ten days of less in 2022.
- $585,000 -- The average sales price for a detached home in Anacostia with 4+ bedrooms, up 16% compared to last year.
- 2.83 months -- The supply of homes for sale in March, up significantly compared to last March.
- 1.18 -- The contract ratio for Anacostia in March.
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See other articles related to: anacostia, anacostia home prices, anacostia housing market, historic anacostia
This article originally published at https://dc.urbanturf.com/articles/blog/prices-up-sales-down-the-anacostia-housing-market-by-the-numbers/19625.
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