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.
- Still DC's Most Competitive? The AU Park Housing Market, By the Numbers
- The Capitol Hill Housing Market, By the Numbers
- Still One of DC's Priciest: The Georgetown Market, By the Numbers
- The Chevy Chase Housing Market, By the Numbers
This article originally published at https://dc.urbanturf.com/articles/blog/the-crystal-city-housing-market-by-the-numbers/16849.
Most Popular... This Week • Last 30 Days • Ever
Harry Wardman is responsible for developing huge swaths of northwest DC, from row hou... read »
The neighborhoods where prices have risen the most have one thing in common.... read »
UrbanTurf reached out to a local economist to see which direction home prices are hea... read »
Here are some precautions to take before buying real estate with a buddy.... read »
Intersect at O includes five dramatic elevator townhomes, designed for luxury living.... read »
With interest rates reaching their highest levels in 14 years, it is critically impor... read »
Before deciding to build an addition to your rowhouse, find out whether you'll need t... read »
A stately five-bedroom Woodley Park house has been home to not one, not two, but thre... read »
A look at the residential projects in the works within a block or two of Dave Thomas ... read »
The most active developer in the Union Market has more plans on the boards.... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... 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. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro