The 7 Most Competitive Neighborhoods for DC-Area Homebuyers in 2022
✉️ Want to forward this article? Click here.
As the housing market cooled in the second half of 2022, so too did the competition among homebuyers in the DC region. However, there were still areas where multiple offers and escalation clauses were common. Today, UrbanTurf is taking a look at the neighborhoods where homebuyers likely faced the most competition this year.
UrbanTurf uses two metrics to determine the competition level around the DC region. First, we look at the year-to-date ratios of average sold price to original listing price for homes. The baseline ratio is 100%, so any average above that is an indication that homes are selling for above the asking price. The second metric we look at is housing inventory, as a low supply of homes breeds more competition.
story continues below
loading...story continues above

The two neighborhoods leading the way this year are places where homes do not come on the market frequently. Colonial Village, a neighborhood of about 80 homes on the top of the DC diamond, and Glen Echo just off MacArthur Boulevard only saw about 15 to 20 listings come online for all of 2022, resulting in a high level of competition among buyers.
Homes in American University Park, Cabin John in Maryland and North Cleveland Park almost always sold at a premium in 2022, however that started to change at the end of the year as supply increased. Rounding out the list are Chevy Chase, DC and Potomac, Maryland.
While home prices did not rise notably in many of the neighborhoods above, there was a common theme: all were areas when the median home price exceeded $1.1 million.
Similar Posts:
- 6 Days or Less: The DC-Area Neighborhoods Where Homes Sold Quickest in 2022
- $415,000 and Less: DC's Five Most Affordable Markets in 2022
See other articles related to: dc housing market trends, most competitive housing markets in dc
This article originally published at https://dc.urbanturf.com/articles/blog/the_7_most_competitive_neighborhoods_for_dc-area_homebuyers_in_2022/20428.
Most Popular... This Week • Last 30 Days • Ever

DC is a city filled with traditional housing stock, largely made up of colonials, Tud... read »

The developer told ANC 3D this week that he is no longer pursuing apartments at the s... read »

The conversion of the West Heating Plant is moving along, and renderings are now offe... read »

The Knabe House is a 6,900+ square foot brownstone offering a rare blend of historic ... read »

As recent evidence has indicated, May ended up being a pretty busy month for the DC-a... read »
- Unique Spaces: The Roundhouse
- 21-Unit Development Planned For MacArthur Boulevard Nixed Due To Tariffs, Interest Rates
- Renderings Offer Glimpse Inside The Four Seasons Private Residences in Georgetown
- A Gilded Age Masterpiece Hits the Market in Baltimore’s Mount Vernon
- Record Prices, 10,000 Homes For Sale And A Surprising May Market In The DC Area
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