Home | Newsletter | Advertise

Six Figures: DC-Area Home Sellers See Highest Profits on Record

  • July 29th 2021

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

A home in Falls Church that sold earlier this year.

Those in the DC region who sold a home between April and June were part of a fortunate group.

Homeowners in the area who sold in the second quarter of 2021 saw an average profit of $150,000, according to the latest report from ATTOM Data Solutions. This is a 78% increase in profit year-over-year and the highest average quarterly profit on record for the region. Home seller profits nationwide averaged $94,500 in the second quarter.

Here is a sampling of average seller profits in DC-area zip codes last quarter:

  • 20002 -- $245,000
  • 20009 -- $117,500
  • 20011 -- $255,000
  • 20016 -- $462,000
  • 20020 -- $165,440
  • 20815 -- $349,800
  • 22301 -- $227,000

In perhaps a combination of people moving due to COVID and sellers wanting to take advantage of healthy profits, homeownership tenure in the region dropped to its lowest level in seven years. In the second quarter, home ownership tenure was 6.41 years down from 8.6 years in the third quarter of 2020. 

The report uses data from recorded deeds, foreclosure filings, and loans. The DC region is defined based on the Census metropolitan statistical area definition, including areas like Jefferson County, West Virginia, and Frederick, Maryland.

This article originally published at https://dc.urbanturf.com/articles/blog/six-figures-dc-area-home-sellers-saw-the-highest-profits-on-record-last-qua/18548.

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