Supply Pops, Sales Drop: 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 often provides a good sense of what is happening across the larger regional housing market, and that may be the case again this year. Home sales are down about 8% in the neighborhood compared to 2023 while prices haven't moved much.
In what seems to be a trend happening around the region, more listings are hitting the market on Capitol Hill. The supply in the first two months of the year is up notably compared to the same time in 2023.
Below, we picked out some statistics for the neighborhood that are illustrative of what is happening.
story continues below
loading...story continues above
- $1.041 million -- The average home price on Capitol Hill so far in 2023, down slightly compared to last year.
- 42 -- The number of homes sold so far in 2023, down 8% compared to last year.
- 33% -- The percentage of homes that sold within ten days of hitting the market
- 68 -- The number of active listings on the market in February, up 51% compared to last year.
See other articles related to: capitol hill
This article originally published at https://dc.urbanturf.com/articles/blog/supply_pops_sales_drop_the_capitol_hill_housing_market_by_the_numbers/22092.
Most Popular... This Week • Last 30 Days • Ever
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
The new residential project would take the place of largely vacant office buildings a... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... read »
This week’s Best New Listings includes a townhouse on a secluded alley block and a ... read »
The large new development would take the place of the Ballston One office building al... read »
- How Does a Mortgage Rate Buydown Work?
- 48 Apartments, Activated Alley Space And An Ode To Duke Pitched For DC's West End
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- Best New Listings: One Of 10 On U Street; Moved By Horses To Tenleytown
- Updated Plans Filed For 328-Unit Development At Arlington Office Site
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