The Rising Price of a DC Townhouse
A February report on the DC-area housing market revealed that the price of a townhome in the DC region rose to its highest level on record last month. In an effort to get a little bit more granular on that milestone, Bright MLS provided UrbanTurf with home price data for townhomes in DC neighborhoods where this is the predominant property type.
story continues below
loading...story continues above
By and large, the February price appreciation for townhomes in the neighborhoods above are in line with a region breaking a price record for this property type. Townhome sale prices were up 43% in Columbia Heights compared to last February, 65% in Mount Pleasant and 88% in the H Street Corridor. For the entire 20003 zip code, prices were up 44% compared to a year ago.
As is the case with the region overall, the rising price appreciation is in large part due to lack of supply. There is less than a month's supply of townhomes on the market in DC and the majority of the neighborhoods above.
Photo by Andrew Larsen.
See other articles related to: dc townhome prices, dc townhomes, dc townhouses
This article originally published at https://dc.urbanturf.com/articles/blog/the-rising-price-of-a-dc-townhouse/19427.
Most Popular... This Week • Last 30 Days • Ever
A Cathedral Heights condominium—located on Cathedral Avenue—with outstanding buil... read »
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
- Two Bedrooms with Two Balconies on the Market in Amenity-Packed Cathedral Heights Condominium
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
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