loading...

The 10 DC Neighborhoods That Saw the Highest Home Price Appreciation in 2021

  • November 30, 2021

by UrbanTurf Staff

A home that sold in Crestwood earlier this year.

As 2021 nears its end, UrbanTurf is taking a final look at the DC neighborhoods that have seen the highest home price appreciation during the year.

In the table below, we outline the ten neighborhoods that saw the largest increase in home values. In order to qualify for the list, a neighborhood had to record at least 10 sales so far in 2021. UrbanTurf used advertised subdivision statistics from Bright MLS to compile the list.

Click to enlarge.

The two neighborhoods leading the way are almost adjacent to one another. Georgetown saw both sales and prices increase significantly, led by townhomes with at least four bedrooms. Observatory Circle, home to the vice president's residence, saw prices increase thanks to a rise in condo and co-op values. 

The home price growth in Michigan Park was also led by an increase in the value of detached houses while in LeDroit Park is was the attached rowhouses that pushed values up. A smattering of neighborhoods in upper NW helped round out the top ten. The housing stock in these areas is primarily larger, single-family homes which became quite popular with buyers during the pandemic. 

See other articles related to: dc housing prices, dc housing market

This article originally published at http://dc.urbanturf.com/articles/blog/the-10-dc-neighborhoods-that-saw-the-highest-home-price-appreciation-in-202/18999

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. Visit guides.urbanturf.com or start browsing below!