Home | Newsletter | Advertise

Prices Up And Sales Follow Suit: The Palisades Housing Market, By the Numbers

  • June 12th 2023

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

5400-Galena.jpeg
A home that sold in Palisades last year.

With the spring housing market transitioning to summer, UrbanTurf continues its annual look at the neighborhood markets around the DC region. Today, we head over to Palisades.

Like many other neighborhoods around DC, prices have risen very modestly in Palisades so far in 2023. Unlike most other neighborhoods, home sales did not drop off, rising 14% compared to the same time last year. Part of this rise in sales could be the result of an increase in the supply of homes for sale, which is up 80% compared to April 2022. 

Below are some additional statistics we picked out about the Palisades market. 

  • $1,648,000 -- The median home price in Palisades. 
  • 16 -- The number of homes that sold in the neighborhood this year, up 14% compared to last year.
  • 50% -- The percentage of homes that sold in ten days or less. 
  • 1.5 months -- The supply of homes for sale in April, up 80% compared to April 2022. 
  • 1.20 -- The contract ratio for Palisades in the first quarter of the year. 

Similar Posts: 

See other articles related to: palisades, palisades home prices, palisades housing market

This article originally published at https://dc.urbanturf.com/articles/blog/prices_up_and_sales_follow_suit_the_palisades_housing_market_by_the_numbers/21126.

Pipeline: New Condos & Apartments Coming to the DC Area

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