Home | Newsletter | Advertise
loading...

The 7 DC Neighborhoods That Saw Prices Rise the Most This Year (And Why)

  • July 7th 2022

by UrbanTurf Staff

A home in Woodley Park.

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.

Click to enlarge.

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.

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.

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