RealTrends Market Report

Washington, DC

Single-Family Homes

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Washington, DC

Sat Jul 20 2024
This week the median list price for Washington, DC is $850,000 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has decreased to 892. 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

Sat Jul 20 2024
This week the median list price for Washington, DC is $850,000 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has decreased to 892. 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 $850,000
Median Price of New Listings $869,999
Per Square Foot $467
Average Days on Market 120
Median Days on Market 70
Price Decreased 47%
Price Increased 3%
Relisted 12%
Inventory 892
Median Rent
Market Action 39
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
$2,500,000 3,752 0 - 4,500 sqft 5 4.5 103 14 20 70
$1,060,000 2,138 0 - 4,500 sqft 4 3.5 104 14 32 70
$719,000 1,745 0 - 4,500 sqft 3 2.5 97 11 27 84
$459,500 1,376 0 - 4,500 sqft 3 2 83 16 29 77