$900 And Counting: A Look At The Highest Prices Per Square Foot in DC

• March 21st

by UrbanTurf Staff

While just a few months into the year, the prices per square foot around DC are starting off high in 2024. 

Leading the way is West End, with a median sales price per square foot of $927. The neighborhood, just to the east of Georgetown, is the only area in the city where the price per square foot metric is above $900.

However, a few other neighborhoods are nipping at its heels. Georgetown ($824) and Adams Morgan ($816) have eclipsed the $800 mark, while Kent, Mt. Vernon Square and Logan Circle are some of the neighborhoods hovering around $700. 

As UrbanTurf has previously noted, price per square foot is one of those tricky measures in real estate. In DC, a home’s square footage consists of the above-grade finished living area. According to the DC Property Tax Division, that is “comprised of the finished areas of the main floor (kitchen, living room, dining room, etc.) and any finished areas above the main floor.” However, there is no exact science when it comes to measuring square footage, something that UrbanTurf commenter skidrowedc pointed out several years ago.

“Price per square foot has value as a general statistical indicator, tracking movements at neighborhood and regional scales. But overemphasis on price per square foot, combined with no legal standard for how to calculate square footage, creates an incentive to cheat the footage upward. Moreover, at the scale of an individual condo or house, it’s as much about how well the square footage is laid out than the actual quantity of square feet.”

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/900_and_counting_a_look_at_the_highest_prices_per_square_foot_in_dc/22103.