Today, UrbanTurf takes a look at where homes are selling the quickest in DC in 2022. Unsurprisingly, there are many neighborhoods where homes are flying off the market.
Using median days on market data for advertised subdivisions around DC, we highlighted where buyers are snapping up homes in just days. In the current market, homes are finding buyers in a week or less in 8 neighborhoods across the city.
Leading the way so far in 2022 is the upper NW DC neighborhood of Spring Valley where the median home price is $1.8 million. Despite the high prices, home are selling, on median, in just 24 hours. Next on the list are Burleith, Chevy Chase and the H Street Corridor where homes are selling in just under a week. Rounding out the fast-selling neighborhoods are American University Park, Michigan Park, Mount Pleasant and Capitol Hill.
Almost every neighborhood in the table above also has an average sales-to-original list price ratio in excess of 100% this year, which means that homes are not only selling fast, but at or above list price.
Editorial note: For inclusion in the table above, advertised subdivisions needed to have recorded at least five home sales so far in 2022.
This article originally published at https://dc.urbanturf.com/articles/blog/selling-in-24-hours-the-8-dc-neighborhoods-where-homes-are-selling-fastest/19472.
Most Popular... This Week • Last 30 Days • Ever
UrbanTurf created Pipeline, a searchable database of multifamily projects that are un... read »
As we head towards the end of the year, UrbanTurf is wrapping up its coverage of larg... read »
Prices in Wesley Heights, a DC neighborhood to the south of Spring Valley bordered by... read »
The plans for the new two-building residential project at Union Market got a big thum... read »
Today, UrbanTurf takes a look at the distinct differences between these two popular f... read »
A new report out this week found that homes in the DC region are selling nearly a wee... read »
When Amazon announced in 2018 that it would be opening a second headquarters in Virgi... read »
A revised plan is on the boards for a group of five townhouses in the middle of China... read »
The proposed district would encompass the neighborhood's commercial strip along Conne... read »
WTOP is reporting that The Heights, an eight-stall food hall that is taking over the ... 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