With the spring housing market underway, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today, we head over to the zip code that encompasses Crystal City and Pentagon City in Northern Virginia.
The 22202 zip code, which will eventually be home to Amazon's second headquarters, was a very robust housing market in the first four months of the year. Both total dollar volume and sales volume shot up compared to 2019, despite home prices in the zip code rising 14% year-over-year. Combined with the COVID-19 pandemic, the jump in sales resulted in a very low supply of homes for sale.
Below are some statistics that UrbanTurf compiled about the 22202 market.
- $41 million -- The total dollar volume of homes sold in 2020, a 46% increase compared to 2019.
- 58 -- The number of homes sold so far in 2020, a 32% increase compared to 2019.
- $654,500 -- The median sales price for a home in 22202, a 14% increase over 2019.
- 57% -- The percentage of homes that sold in ten days or less in 2020.
- 1.4 -- The months of supply of homes for sale in the first quarter of 2020.
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This article originally published at http://dc.urbanturf.com/articles/blog/the-crystal-city-housing-market-by-the-numbers/16849
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