The 5 DC Zip Codes Where Home Prices Have Dropped the Most in 2021
✉️ Want to forward this article? Click here.
While DC's rising home prices have been the story of recent memory, there are some areas of the city where home values have actually dropped this year. Today, UrbanTurf takes a look at the DC zip codes where home prices have fallen the most in 2021.
Below are the five zip codes with the greatest year-over-year price depreciation; data was culled from Bright MLS. In each case, more homes were sold year-to-date this year than last.
story continues below
loading...story continues above
The 20008 zip code, which includes Cleveland Park and Woodley Park among other neighborhoods, saw sales prices drop the most year-over-year, falling nearly 12% to $550,773. While recent price drops in DC neighborhoods are often due to an increase in the share of condos and co-ops sold because these tend to have lower prices, that dynamic is less applicable in this case, as 69% of the units sold this year were condos compared to 66% in 2020. Prices went down across all property types, with 4+ bedroom homes as the lone exception.
The 20036 zip code, a downtown area that includes southern Dupont Circle to K Street where housing stock is predominately condos and co-ops, saw prices drop by 8.7% year-over-year. The 20004 zip code that includes Penn Quarter saw prices drop by more than 4%, as the proportion of condos sold was relatively constant year-over-year (93% vs. 94%).
Rounding out the top five are the zip codes of 20003 (portions of Capitol Hill, H Street, Near Northeast) and 20009 (portions of Logan Circle, Dupont Circle and Columbia Heights) where prices dropped ever so slightly compared to 2020.
See other articles related to: dc home prices, home prices
This article originally published at https://dc.urbanturf.com/articles/blog/the-five-dc-zip-codes-where-home-prices-have-dropped-the-most-in-2021/18582.
Most Popular... This Week • Last 30 Days • Ever
In this edition of First-Timer Primer, we look at the ins and outs of the 203k loan.... read »
Plans for the large new residential project are looking to get started again after mo... read »
The Wall Street Journal is reporting that Jeff Skoll has purchased two homes on nine ... read »
The residential pipeline in Adams Morgan has slowed in recent years, and now there ar... read »
The Sidney features 48 beautifully designed condos, and is one of DC’s only large c... 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