The Year of Above Asking
✉️ Want to forward this article? Click here.
A significant number of homes sold for above asking price in DC last year.
Approximately 34% of homes sold in the city fetched more than their asking price, based on data provided to UrbanTurf by Bright MLS. This is the same proportion of homes to sell for above list in 2021, and up from 30% of homes selling at a premium in 2020, and just 10% in 2019.
Of the neighborhoods with more than 30 sales, AU Park (58%), Michigan Park (57%) and Chevy Chase DC (55%) led the way in terms of the places with the highest volume of homes selling at a premium, and thus were likely some of the city's most competitive markets.
story continues below
loading...story continues above
There were several other neighborhoods with at least 30 sales where more than 50% of homes sold went for above asking, including Takoma (53%), Shepherd Park (53%), and North Cleveland Park (52%).
See other articles related to: above asking, above asking neighborhoods in dc
This article originally published at https://dc.urbanturf.com/articles/blog/the_year_of_above_asking/20641.
Most Popular... This Week • Last 30 Days • Ever
This article discusses the variety of rental restrictions that may exist in condomini... read »
Today, UrbanTurf takes a look at the office-to-residential conversions on the boards ... read »
The new project is just the latest affordable development to move forward in DC.... read »
The beautiful four-story property, with three renovated units offering more than $200... read »
The nearly 12,000 square-foot McLean house of the former Washington Nationals pitcher... read »
- Understanding Rental Restrictions in Condominiums
- A Look At The 9 Office-To-Residential Conversions On The Boards in DC
- 11-Story, 46-Unit Development Pitched For A Pair Of Downtown DC Rowhouses
- Elegant Dupont Circle Rowhouse, Boasting Huge Rental Income Potential, Hits the Market
- Stephen Strasburg's McLean Home Sells For $8.55 Million
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