Cara Pearlman

Washington, DC 20016

Single-Family Homes

COMPASS - Maryland, DC & VA



Washington, DC 20016

Mon Feb 06 2023
This week the median list price for Washington, DC 20016 is $2,250,000 with the market action index hovering around 37. This is less than last month's market action index of 42. Inventory has increased to 19. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 20016

Mon Feb 06 2023
This week the median list price for Washington, DC 20016 is $2,250,000 with the market action index hovering around 37. This is less than last month's market action index of 42. Inventory has increased to 19. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $2,250,000
Median Price of New Listings $1,795,000
Per Square Foot $635
Average Days on Market 165
Median Days on Market 119
Price Decreased 21%
Price Increased 11%
Relisted 32%
Inventory 19
Median Rent
Market Action 37
Slight Seller's Advantage

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

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
$8,575,000 9,100 0.25 - 0.5 acre 6 7.8 12 1 0 273
$3,250,000 6,140 8,000 - 10,000 sqft 6 4.5 8 0 1 175
$1,900,000 3,344 4,500 - 6,500 sqft 4 3.5 78 0 0 77
$1,349,000 1,945 4,500 - 6,500 sqft 4 3 98 2 1 21