Home | Newsletter | Advertise
loading...

The Fastest Moving Prices in DC: The Palisades Market, By the Numbers

  • May 18th 2022

by UrbanTurf Staff

A home in the Palisades

With the spring housing market underway, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today, we head to over to Palisades. 

There are two main things happening in the housing market for this upper NW DC neighborhood in 2022: prices have risen the most of any neighborhood in the city and, perhaps consequently, home sales are down about 35% compared to the same period last year. The drop in sales may also be due to a lack of inventory. There is about a 3-week supply of homes for sale on the market currently, down 40% compared to the same time last year. 

Below are some additional statistics we picked out about the Palisades market. 

  • 62% -- The increase in median home price this year, thanks largely to the price of three-bedroom detached houses. 
  • 50% -- The percentage of homes that are selling in ten days of less in 2022. 
  • $1.85 million -- The average sales price for a detached home in the Palisades.
  • 1.80 -- The contract ratio for Palisades in April. 

Similar Posts: 

This article originally published at https://dc.urbanturf.com/articles/blog/the-fastest-moving-prices-in-dc-the-palisades-market-by-the-numbers/19662.

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