UrbanTurf is taking its annual look at the neighborhood housing markets around the DC region. Today, we head over to Woodridge.
The Woodridge housing market in 2020 is a microcosm of the larger regional market. Specifically, skyrocketing home prices are doing nothing to dampen the pace of home sales. Home prices rose 35% year-over-year in the neighborhood with essentially the same proportion of property types selling in 2019 and 2020. Despite the increase in prices, home sales rose 6%.
Below UrbanTurf plucked out several other interesting stats about the Woodridge market.
- $675,000 -- The median home price in Woodridge, an increase of 35% compared to 2019.
- $735,180 -- The average price for detached homes with 4+ bedrooms in 2020, up 20% compared to last year.
- 6% -- The percentage increase in home sales between 2019 and 2020.
- 98.6% -- The average sales price to original list price ratio for homes sold in Woodridge this year.
- 1.89 -- The months of supply of homes for sale in the second quarter of 2020, down 53% compared to last year.
- A 33% Jump: The Palisades 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
This article originally published at http://dc.urbanturf.com/articles/blog/the-woodridge-housing-market-by-the-numbers/17206
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