The DC Zip Codes Where Home Are Selling the Slowest

• May 17, 2013
• 15 Comments

by Shilpi Paul

A home for sale in 20037.

A few days ago, we reported on the zip codes in DC and the larger metro area where homes are selling the quickest.

Today, we flip the data, and take a look at areas where homes are staying on the market the longest.

As the chart below reveals, homes in the 20019 zip code, which includes the Deanwood neighborhood, have been taking the longest to sell with a median number of days on market of 56. 20017 is a distant second, with a days on market metric of 38. 20037, which includes West End and Foggy Bottom, follows close behind. Perhaps the most interesting takeaway from the list is that the top 4 zip codes include some of the farthest east neighborhoods in the city and some of the western most.

Note: We only included a sampling of the neighborhoods associated with each zip code below.

We also looked at the slowest moving zip codes for the entire region. As one might expect, most of these zips are quite far away from the center of the city, with Cumberland (136 miles) leading the pack.

Nest week, we’ll publish the full list of zip codes for the region.

This article originally published at http://dc.urbanturf.com/articles/blog/the_top_10_dc_zip_codes_where_home_are_selling_the_slowest/7082

15 Comments

1. Mike said at 4:50 pm on Friday May 17, 2013:
   To me the real takeaway is that 56 days is a pretty normal days on market. When that's the slowest DC zip code then sellers are well in the driver's seat.

1. Chip Rodgers said at 6:52 pm on Friday May 17, 2013:
   I have three properties (2-2brs, 1 1br condos)in 20007/20016...I'm renting them for one more year in hopes I can cash out even more before I combine the funds and put them into a SF home....thoughts? I'm nervous about a bubble...

1. Andi Fleming said at 7:46 pm on Friday May 17, 2013:
   I don't know what time frame you are looking at, but if you look at the last 180 days, Brookland's median DOM is 11. Additionally, our numbers are being skewed by new construction townhouses where one MLS number is being used to sell the entire community giving several properties a DOM of over 500. I think you need to take a closer look when evaluating these.

1. The Editors said at 7:58 pm on Friday May 17, 2013:
   Andi, These numbers are for active listings on the market in the given zip codes in the month of April as provided to us by MRIS. The Editors

1. D.B. said at 8:02 pm on Friday May 17, 2013:
   @Chip, Why not put those homes on the market now? I think it may be a little risky to wait a year assuming you will get more.

1. Kitty said at 8:03 pm on Friday May 17, 2013:
   I agree with Mike. Being on the other end of the spectrum isn't so awful in DC. My husband and I got our house in Woodridge 6 days after it went on the market.

1. Tom in Michigan Park said at 8:42 pm on Friday May 17, 2013:
   Interesting that you also reported a month ago that 20017 (Brookland/Michigan Park) also commands the second-highest % of list-to-sold prices (after Logan Circle). Seems like a disconnect here.

1. Jacob said at 9:34 pm on Friday May 17, 2013:
   Brookland is clearly just one of the neighborhoods in that zip code. Also its not impossible that a neighborhood could command high list-to-sold prices and have a higher than average days on market.

1. eponymous said at 10:00 pm on Friday May 17, 2013:
   Agree with the comments on Brookland. No way should the Chancellor's Row listing (500+ DOM) count. The listing represents scores of actual sales that have taken place during that period - the development has 237 homes and I believe the vast majority have been built and are spoken for.

1. h st ll said at 1:10 pm on Saturday May 18, 2013:
   As someone who bought a property in Deanwood a few months ago and looms at all listings on the market, i wonder if short sales are prevalent there. They seem to be a large percentage of the market. Although it is stilla little slow either aay.

1. swester said at 10:37 pm on Sunday May 19, 2013:
   @h st - I almost bought a foreclosure in Deanwood last year. Interesting area. I see it slowly evolving into a more stable middle class area, but the lingering crime and abundance of run-down properties explains the lack of "bite" for buyers. Still, you can get some of the cheapest properties in the District out there.

1. Lindsey said at 2:10 pm on Monday May 20, 2013:
   I think comparing DC market times to other places "in the region" is misleading. Cumberland MD is not in the 'DC region'; it is more than 2 hours away. It is closer to Pittsburgh PA (106 miles) than Washington DC (136 miles). Likewise, Chesapeake MD is much closer to Philadelphia than DC. I could probably say something similar about most cities listed on the list.

1. JB said at 2:30 pm on Monday May 20, 2013:
   That number for brookland is being driven by very low a supply and one absurdly over-priced listing.

1. h st ll said at 3:04 pm on Monday May 20, 2013:
   Excellent observations, @swester. To further elaborate on my earlier point, the place I bought was an "approved at this price" short sale, whatever that means. I would have gladly closed quickly (all cash), but had to wait several months for all the various parties to give approval etc.

1. mae anderson said at 2:46 pm on Friday May 24, 2013:
   Thanks for sharing this data. This is really interesting. What made these houses difficult to sell? What are the factors involve?