Home | Newsletter | Advertise
loading...

The DC Area's Priciest Zip Code: The McLean Housing Market, By the Numbers

  • December 9th 2020

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

Inside McLean's $45 million home. Click to enlarge.

As the year winds down, UrbanTurf is taking a final look at the neighborhood housing markets around the DC region. Today, we head to McLean, the priciest market in the area. 

Earlier this week, UrbanTurf reported on the most expensive home sales in the region and the top three were in McLean, an indication of prices in the 22101 zip code. The median home price in 2020 was almost $1.3 million, the highest in the region for a zip code, but sales still remained on par with 2019. Competition has never been very high in McLean, but it is growing: the contract ratio for the zip code in October rose 42% compared to last year. 

Below, UrbanTurf plucked out a few more statistics about the McLean market. 

  • $1,288,750 -- The median home sales price in McLean in 2020, up 16% from last year.
  • $1,575,840 -- The average price for a detached home with four or more bedrooms, up 8% from last year.
  • $45 million -- The final sales price for a home in McLean this year, the highest on record for the area. 
  • 0.52 -- The contract ratio for McLean in October, up 42% from last year.
  • 22 -- The median number of days that homes spent on the market in the third quarter.

Photo courtesy of Sean Shanahan.

Similar Posts:

This article originally published at https://dc.urbanturf.com/articles/blog/the-mclean-housing-market-by-the-numbers/17630.

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