Sales Down, Prices Flat: The Capitol Hill Housing Market, By the Numbers
✉️ Want to forward this article? Click here.
As we enter the spring housing market, UrbanTurf is starting its annual look at the neighborhood markets around the DC region. Today, we head to Capitol Hill.
The Capitol Hill housing market may provide a good sense of what is happening across the larger regional housing market. Home sales are down in the neighborhood this year compared to 2022 while prices, particularly for larger properties on the Hill, haven't changed much. The number of new listings to come online has been minimal at the beginning of the year, however that could change in the coming weeks as the seasonal market gets going.
Below, we picked out some statistics for the neighborhood that are illustrative of what is happening.
story continues below
loading...story continues above
- $1.049 million -- The median home price on Capitol Hill so far in 2023, down 4% compared to last year.
- $1.641 million -- The average home price for an attached house with 4+ bedrooms, essentially the same as last year.
- 46 -- The number of homes sold so far in 2023, down 35% compared to last year.
- 36 -- The average number of days that homes are spending on the market, up 56% compared to last year.
Photo courtesy of HD Bros Cara Russo.
See other articles related to: capitol hill, capitol hill housing market, capitol hill housing statistics
This article originally published at https://dc.urbanturf.com/articles/blog/sales_down_prices_flat_the_capitol_hill_housing_market_by_the_numbers/20766.
Most Popular... This Week • Last 30 Days • Ever
Post Brothers purchased the building at 2100 M Street last year.... read »
The new residential project would take the place of largely vacant office buildings a... read »
This 5,000 square-foot listing is about as close as the city comes to a property that... read »
Back in July, we wondered if the housing market in the DC region was moving in favor ... read »
Mount Pleasant restaurant gets national acclaim; signs of good things in the DC-area ... 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!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro