The DC Neighborhood Where The Median Home Price is $ 2 Million

  • July 26th 2022

by UrbanTurf Staff

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A home in Kent that sold earlier this year.

UrbanTurf is taking its annual look at the neighborhood housing markets around the DC region. Today, we head over to Kent.

Kent is a neighborhood in the upper reaches of NW DC just adjacent to the Maryland border where home prices rarely fall below $1 million. This year, prices are notably higher. 

The median home price in Kent is currently $2 million, up 30% compared to last year; the average list price is approaching $3 million. These prices haven't dissuaded homebuyers, as 3 out of 4 homes have sold in ten days or less so far in 2022. 

Below UrbanTurf plucked out several other interesting stats about the Kent market.

  • $2 million -- The median home price in Kent this year. 
  • 75% -- The percentage of home sales that were detached homes with 4+ bedrooms. 
  • 104% -- The average sales price to original list price ratio in Kent. 
  • 2 -- The months of supply of homes for sale in June. 

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This article originally published at https://dc.urbanturf.com/articles/blog/the-dc-neighborhood-where-home-price-is-2-million/19913.

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