HOMESbyRP of eXp Realty / Richard Pearrell

Washington, DC

Condos/Townhomes

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


Washington, DC

Mon Dec 04 2023
This week the median list price for Washington, DC is $499,900 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 960. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Washington, DC

Mon Dec 04 2023
This week the median list price for Washington, DC is $499,900 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 960. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Washington market.
Median List Price $499,900
Median Price of New Listings $555,000
Per Square Foot $576
Average Days on Market 105
Median Days on Market 70
Price Decreased 38%
Price Increased 1%
Relisted 13%
Inventory 960
Median Rent
Market Action 33
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
$1,109,500 1,678 0 - 4,500 sqft 2 2.5 17 16 14 84
$599,900 996 0 - 4,500 sqft 2 2 18 13 19 63
$429,744 754 0 - 4,500 sqft 1 1 56 13 18 63
$267,150 600 0 - 4,500 sqft 1 1 70 10 15 70