The DC Neighborhood Where Home Prices Have Risen The Most in 2023

  • December 4th 2023

by UrbanTurf Staff

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A home that sold in Wesley Heights earlier this year.

As UrbanTurf begins to wrap up its annual look at the neighborhood housing markets around the DC region, we head over to the neighborhood that saw home prices rise the most in 2023. 

Prices in Wesley Heights, a DC neighborhood to the south of Spring Valley bordered by Nebraska and Massachusetts Avenues, rose 56% on median in 2023. Condos and co-ops, along with larger detached homes, led the price gains. The price increase came despite a median list price of around $1.5 million, and while the rising prices may have dampened sales in 2023, nearly 100 homes will sell in the neighborhood by the end of the year. 

Below UrbanTurf plucked out several other interesting stats about the market in Wesley Heights. 

  • $1,452,000 -- The average home price in Wesley Heights this year. 
  • $1,491,000 -- The average list price for homes that sold this year. 
  • 1.5 -- The monthly supply of homes for sale in Wesley Heights in November. 
  • 40% -- The percentage of homes sold that sold in 10 days or less.

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This article originally published at https://dc.urbanturf.com/articles/blog/the_dc_neighborhood_where_home_prices_have_risen_the_most_in_2023/21746.

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