What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
The 7 DC Neighborhoods That Saw Prices Rise the Most This Year (And Why)
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.
story continues below
loading...story continues above
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.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
A new hotel has been pitched for a development site in Mount Vernon Triangle that has... read »
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