The 7 DC Neighborhoods That Saw Prices Rise the Most This Year (And Why)
✉️ Want to forward this article? Click here.
As we near the middle of the year and the winds of the DC-area housing market change, UrbanTurf is taking a look at the DC neighborhoods that have seen the highest home price appreciation so far in 2022.
In the table below, we outline the seven neighborhoods that have seen the largest increase in home values. In order to qualify for the list, a neighborhood had to record at least 10 sales. UrbanTurf used advertised subdivision statistics from Bright MLS to compile the list.
story continues below
loading...story continues above
Leading the way is Woodley Park, where home prices are up 90%. While prices have risen in the neighborhood for every property type, the huge increase was due largely to a handful of high-end condos pushing the median up significantly.
Colonial Village, a neighborhood market that we recently analyzed, also saw prices shoot up thanks to increases for 3- and 4-bedroom houses. The appreciation in the Palisades market is also due to home values rising for this property segment.
Condo and co-op prices pushed the median price up in the Southwest Waterfront while in Fort Lincoln, Barry Farm and 16th Street Heights, the price appreciation was the result of townhome prices rising about 30% in each neighborhood.
Photo courtesy of HomeVisit.
See other articles related to: dc home and condo prices, dc home prices, dc housing market, dc housing prices
This article originally published at https://dc.urbanturf.com/articles/blog/the-7-dc-neighborhoods-that-saw-prices-rise-the-most-this-year-and-why/19843.
Most Popular... This Week • Last 30 Days • Ever
Today, we take a closer look at home insurance.... read »
Monument Realty and Mosaic Realty Partners redevelopment plans for a surface parking ... read »
A new report shows that apartment rents rose ever so slightly in DC over the last yea... read »
Plans to convert a downtown DC office building into a large apartment project continu... read »
Kite House at The Parks at Walter Reed sold seven residences in September alone. The ... read »
- A Look at What is Covered By Home Insurance
- 235-Unit Development With Public Park Pitched For Downtown Bethesda Looks To Move Forward
- A Snapshot Of Apartment Rents Across The DC Area
- 400-Unit Office-To-Residential Conversion Pitched in DC's West End Heads To BZA
- A No Down Payment Assistance Program at Kite House, DC’s Best Selling Condominium
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