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The Price Of A House In The DC Region Has Never Been Higher

  • May 13th

by UrbanTurf Staff

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A home in Woodridge that sold at a premium earlier this year. 

As home prices hit a record in the region last month, one property type took the lead on appreciation. 

After eclipsing $845,000 for the first time in May 2024, the median price for a detached house in the area shot up to a new record of $873,000 in April. 

Despite the increase in price, detached homes are still selling, on median, in less than a week in the region, and there remains just about a two-month supply on the market. 

The value of a detached home rose about 4% since last spring, but the more notable increase has been since the beginning of the pandemic. Since February 2020, the median price is up $330,000 or nearly 63%. 

Photo by Derek & Vee. 

See other articles related to: dc area home prices

This article originally published at https://dc.urbanturf.com/articles/blog/the_price_of_a_house_in_the_dc_region_has_never_been_higher/23496.

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