RealTrends Market Report

Washington, DC

Single-Family Homes

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Washington, DC

Sun Jul 14 2024
This week the median list price for Washington, DC is $850,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 945. 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

Sun Jul 14 2024
This week the median list price for Washington, DC is $850,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 945. 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 $852,000
Per Square Foot $472
Average Days on Market 117
Median Days on Market 70
Price Decreased 48%
Price Increased 3%
Relisted 13%
Inventory 945
Median Rent
Market Action 38
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
$2,499,900 3,712 0 - 4,500 sqft 5 4.5 102 16 22 70
$1,064,250 2,119 0 - 4,500 sqft 4 3.5 104 23 31 63
$725,000 1,743 0 - 4,500 sqft 3 2.5 96 22 31 77
$464,000 1,408 0 - 4,500 sqft 3 2 83 17 26 70