Your Local Real Estate Market Report

Washington, DC

Single-Family Homes

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Washington, DC

Thu Sep 21 2023
This week the median list price for Washington, DC is $849,900 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has increased to 849. Click here to stay informed with the Washington market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Washington, DC

Thu Sep 21 2023
This week the median list price for Washington, DC is $849,900 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has increased to 849. Click here to stay informed with the Washington market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Washington market.
Median List Price $849,900
Median Price of New Listings $999,250
Per Square Foot $485
Average Days on Market 103
Median Days on Market 63
Price Decreased 44%
Price Increased 3%
Relisted 17%
Inventory 849
Median Rent
Market Action 37
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,125,000 3,440 0 - 4,500 sqft 5 4 103 56 15 73
$999,250 1,989 0 - 4,500 sqft 4 3 99 45 16 56
$727,499 1,636 0 - 4,500 sqft 3 2.5 88 39 19 56
$470,000 1,423 0 - 4,500 sqft 3 2 82 36 29 70