HOMESbyRP of eXp Realty / Richard Pearrell

Washington, DC

Condos/Townhomes

https://HOMESbyRP.com GRI, Associate Broker DC, MD, VA & REALTOR® in FL at eXp Realty, LLC / (301) 991-7061 /



Washington, DC

Sat Jul 05 2025
This week the median list price for Washington, DC is $489,900 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 1,667. 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

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Washington, DC

Sat Jul 05 2025
This week the median list price for Washington, DC is $489,900 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 1,667. 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

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Washington market.
Median List Price $489,900
Median Price of New Listings $467,450
Per Square Foot $549
Average Days on Market 107
Median Days on Market 63
Price Decreased 38%
Price Increased 1%
Relisted 12%
Inventory 1,667
Median Rent
Market Action 31
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
$949,900 1,623 - 2 2.5 36 23 29 56
$597,000 1,016 - 2 2 26 27 30 56
$414,900 747 - 1 1 65 39 57 56
$259,000 615 - 1 1 70 15 37 84