What's Hot: Douglas Development Files PUD For Large Warehouse At New City Site Along New York Avenue
The 8 DC Neighborhoods That Saw Home Prices Rise The Most in 2023 (And Why)
✉️ Want to forward this article? Click here.
![west-end-condo.jpg](https://assets.urbanturf.com/dc/images/blog/2024/01/west-end-condo.jpg)
Today, UrbanTurf is taking another look back at the DC housing market in 2023 to see which city neighborhoods had the highest home price appreciation.
In the table below, we outline the eight neighborhoods with the largest increase in home values. In order to qualify for the list, a neighborhood had to record at least 15 sales last year. UrbanTurf used advertised subdivision statistics from Bright MLS to compile the list.
story continues below
loading...story continues above
![price-appreciation.jpg](https://assets.urbanturf.com/dc/images/blog/2024/01/price-appreciation.jpg)
Barry Farm, a neighborhood east of the Anacostia River, led the way with home prices rising by 55%. This increase was the result of prices for condos and townhomes rising notably compared to 2022.
Coming in second was West End, the neighborhood just to the east of Georgetown. A typical condo in West End sold for $1.2 million, helping drive values up in the neighborhood.
Single-family home prices were the primary driver for the strong appreciation in Spring Valley, Woodley Park and North Cleveland Park. At $2.5 million, Spring Valley currently has the highest prices in the city. Wesley Heights is a neighborhood with many large, expensive single-family homes, but also a high volume of condos and co-ops, which bring the median home price for the neighborhood down.
Interested in how much home prices rose in your neighborhood? Just shoot us an email at editor(at)urbanturf.com.
See other articles related to: dc housing market, dc housing market trends, dc housing prices
This article originally published at https://dc.urbanturf.com/articles/blog/the_8_dc_neighborhoods_that_saw_home_prices_rise_the_most_in_2023_and_why/21912.
Most Popular... This Week • Last 30 Days • Ever
![First-Timer Primer: Tax Relief for DC Homeowners](https://assets.urbanturf.com/dc/images/blog/2013/02/Homestead_Exemption_280.jpg)
When you buy a home in the District, you will have to pay property taxes along with y... read »
![A 127-Unit Luxury Condo Building In The Works For Downtown DC](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/950%203rd%20Street%20Dusk%20EXT_image_560x420.jpg)
The largest condominium building in downtown DC in recent memory is currently under c... read »
![HPO Recommends Approval For 160-Unit Office-To-Residential Conversion in Dupont Circle](https://assets.urbanturf.com/dc/images/blog/2024/06/resized/1201-Conn_image_560x420.jpg)
The plan to convert a Dupont Circle office building into a residential development ap... read »
![Beautifully Constructed Condominium in The Bridge District is Now 50% Sold](https://assets.urbanturf.com/dc/images/blog/2024/07/Riviere%20article/resized/2305%20Nicholson%20St%20SE%20405-0003_image_560x420.jpg)
The Rivière includes just 20 homes located on the eastern banks of the Anacostia Riv... read »
![Monday's Must Reads](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/bubble_image_560x420.jpg)
Why Tyra Banks is serving ice cream in DC; a bike shop/record store opens in Adams Mo... read »
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