Home | Newsletter | Advertise
loading...

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

  • September 29th 2022

by UrbanTurf Staff

A home on the market in Palisades.

Today, UrbanTurf is taking a look at the DC neighborhoods that have seen the highest home price appreciation so far in 2022. Tomorrow, we will take a look what home prices may do in the coming months across the region. 

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 this year. UrbanTurf used advertised subdivision statistics from Bright MLS to compile the list.

Click to enlarge.

Leading the way is Colonial Village, a neighborhood market that we looked at earlier this year. The large increase in prices is largely due to the increase in value of detached homes with 4+ bedrooms.

Single-family detached home prices are really driving the strong appreciation in most neighborhoods that made the list. In Berkley and Palisades, 4+ bedroom prices are up notably, and in Takoma and Woodley Park, three-bedroom houses lead the way in terms of appreciation. 

In Mount Pleasant, condos and co-ops are actually pushing prices north. Prices for this property segment are up 18% in 2022, one of the highest appreciation amounts for condos for any neighborhood in the city. 

Photo courtesy of HomeVisit.

See other articles related to: 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/20144.

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