What's Hot: Barnes and Noble Will Return to Georgetown in June | The 3,000 Units On The Boards From Trinidad to Gallaudet
The Land of Flips: The Petworth Housing Market, By the Numbers
UrbanTurf is taking its annual look at the neighborhood housing markets around the DC region. Today, we head over to Petworth.
For years, neighborhoods east of the Anacostia River and the zip code that encompasses most of Petworth have been prime locations for flipping homes and in 2020, that remains the case. Twelve percent of the homes sold in the Petworth zip code in the first quarter of the year were flips. However, home sales are down this year likely due to a much lower supply of homes for sale than 2019. That hasn't deterred buyers, though: the contract ratio in Petworth has been above 1.0 for the last three months.
story continues below
loading...story continues above
Below UrbanTurf plucked out several other interesting stats about the Petworth market.
- $675,000 -- The median home price in Petworth, up 5% compared to last year.
- 268 -- The number of homes sold in the neighborhood this year, down 13% compared to last year.
- 1.33 -- The contract ratio in August (the total number of homes under contract in a given period to the overall number of active listings), up 111% compared to last August.
- 1.36 -- The supply of homes on the market in August, down 32% year-over-year.
Similar Posts:
- The Takoma Park Housing Market, By the Numbers
- A 33% Jump: The Palisades Housing Market, By the Numbers
- Prices Soar, But So Do Sales: The Woodridge Housing Market, By the Numbers
- A Very Robust Start to 2020: The Crystal City Housing Market, By the Numbers
- 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
- The Shepherd Park Housing Market, By the Numbers
- A Look at DC's Priciest Housing Market: Spring Valley, By the Numbers
- Rising Prices Don't Dampen Sales: The Anacostia Housing Market, By the Numbers
See other articles related to: petworth, petworth home prices, petworth housing market
This article originally published at https://dc.urbanturf.com/articles/blog/the-land-of-flips-the-petworth-housing-market-by-the-numbers/17351.
Most Popular... This Week • Last 30 Days • Ever
Rossdhu Gate is the remaining piece of a 30-room castle built by socialite Daisy Calh... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
The Gen Z market; ranking food halls around DC; and is this the new king of Queens?... read »
The term "luxury" has been applied broadly in the housing market, but a new report ai... 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