The 5 DC Zip Codes Where Home Prices Have Dropped the Most in 2022
As the tide turns a bit in the regional housing market, UrbanTurf is taking a look at zip codes around DC where home prices have dropped this year.
Below are the five zip codes with the greatest year-over-year price depreciation so far in 2022; data was culled from Bright MLS.
story continues below
loading...story continues above
The 20037 zip code, which includes Foggy Bottom and West End among other neighborhoods, saw home prices drop the most year-over-year, falling nearly 12.5% to $560,000. Hard to figure out what is driving this drop, as the average price for condos/co-ops, the predominant property type, is actually up year-over-year. Home prices fell 7% in the 20008 zip code, thanks to a drop in condo/co-op prices and the prices for larger townhouses.
20012, where Takoma and Shepherd Park are located, saw prices fall 3% as the result of falling condo/co-op prices as well as the average price for detached homes with three bedrooms. Rounding out the list are the 20017 and 20032 zip codes.
This article originally published at https://dc.urbanturf.com/articles/blog/the-5-dc-zip-codes-where-home-prices-have-dropped-the-most-in-2022/19894.
Most Popular... This Week • Last 30 Days • Ever
Back in 2022, the DC Zoning Commission gave the green light to a large mixed-use deve... read »
Opening for sales this spring, The Brownstones at Westbard Square will feature 101 ne... read »
Donohoe presented plans on Thursday evening for a new multi-family residential projec... read »
Even with two large apartment buildings delivering in Northern Virginia's National L... read »
The main story for the DC region's housing market in February was the supply of homes... read »
- Raze Application Looks To Pave Way For 700-Unit Development in Brookland
- Coming Soon: New EYA Brownstones at Westbard Square in Bethesda
- Early Plans Unveiled For 130-Unit Development in Friendship Heights
- 3 Down, 7 To Go: A Look At The Thousands of Units Coming to National Landing
- The Return of Supply And Four Other Interesting Stats From The February Housing Market
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