The Price For a House in The DC Area Has Never Been Higher
✉️ Want to forward this article? Click here.
As home prices in the region hit a record over the last few months, so too did the price of a detached house.
After eclipsing $845,000 for the first time in May, the median price for a detached house in the area remained near that record high in June, proving that despite elevated interest rates, the demand for this property type remains high.
The value of a detached home increased about 9% since last spring, but the more notable increase has been since early 2020 when the pandemic began. Since February 2020, the median price is up $300,000 or nearly 56%.
Photo Courtesy of Kate Wichlinski
See other articles related to: dc area home prices, dc area housing market, dc area housing prices
This article originally published at https://dc.urbanturf.com/articles/blog/the-price-for-a-house-in-the-dc-area-hit-a-record-in-the-last-two-months/22524.
Most Popular... This Week • Last 30 Days • Ever
As the redevelopment of the Mazza Gallerie mall in Friendship Heights heads towards c... read »
One of the critical factors in determining whether refinancing is a wise decision is ... read »
The one-of-a-kind residence was built out of two expansive classrooms, an office, two... read »
The university and developer Greystar have filed plans with DC for the new Fusion Bui... read »
Sentinel Real Estate filed a revised conceptual site plan application this week to re... read »
- Total Wine Coming To Friendship Heights
- What Is The Best Spread To Refinance Your Mortgage?
- 13 Foot Ceilings, 5,800 Square Feet in a Historic Schoolhouse: A Rare DC Loft Hits the Market
- A First Look At The Big Plans For Howard's Wonder Plaza
- 256-Unit Project Proposed to Replace Rosslyn Buildings Moves Forward
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