Home | Newsletter | Advertise
loading...

Rising Prices Don't Dampen Sales: The Capitol Hill Housing Market, By the Numbers

  • March 29th 2021

by UrbanTurf Staff

A home on the market on Capitol Hill.

With the spring housing market underway, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today, we head to Capitol Hill. 

Swift year in and year out, the Capitol Hill market is moving quickly again in early 2021 with sales up 20 percent compared to the same period in 2020. With a contract ratio of 1.01, there is some competition on the Hill and so far this year, about 1 in 3 homes have sold within ten days of hitting the market. 

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

  • $882,500 -- The median home price on Capitol Hill so far in 2021, up 6 percent compared to last year. 
  • $1.010 million -- The average home price for an attached house with three bedrooms, up 5 percent compared to 2020. 
  • 1.45 -- The monthly supply of homes for sale in February, up 36 percent compared to last February. 
  • 83 -- The number of homes sold so far in 2021, up 20 percent compared to last year.
  • 36% -- The percentage of homes that sold in ten days or less.
  • 98.8% -- The average sales price to original list price ratio for homes that sold in 2021. 

This article originally published at https://dc.urbanturf.com/articles/blog/rising-prices-dont-dampen-sales-the-capitol-hill-housing-market-by-the-numb/18059.

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