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The Price For a House in DC Hit a New High in March

  • April 19th 2022

by UrbanTurf Staff

A Brookland home that sold earlier this year.

The price for a single-family detached home in Washington, DC hit a new record last month. 

The median price for arguably the most sought-after property type in the city over the last three years came in at $1.3 million, according to Bright MLS, just slightly higher than the previous record set last June. This price is up 14% compared to February and a whopping 48% compared to March 2021. 

A look around the city in the first quarter finds that the neighborhoods that saw the highest year-over-year price increase were Palisades (49%), Woodridge (24%) and Spring Valley (12%).

Just outside the DC borders, Alexandria saw single-family prices remain above $1 million for the second straight month, and prices in Fairfax County (13%) and Loudoun County (16%) both increased by double-digits.

Photo courtesy of Realvision.

This article originally published at https://dc.urbanturf.com/articles/blog/the-price-for-a-dc-house-hit-a-new-high-in-march/19536.

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