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A Flurry of Sales: The West End Housing Market, By the Numbers

  • August 25th 2022

by UrbanTurf Staff

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A condo in West End.

UrbanTurf continues its annual look at the neighborhood housing markets around the DC region as we head over to West End, a downtown DC neighborhood known for its supply of high-end condos and co-ops.  

Home prices dropped slightly in West End this year, but it comes on the heels of prices increasing by nearly 25% between 2020 and 2021. As prices dropped, home sales popped, rising nearly 30% year-over-year. The rising sales volume combined with fewer homes coming on the market brought the supply of homes for sale down significantly year-over-year. 

Below UrbanTurf plucked out several other interesting stats about the West End market.

  • $745,000 -- The median home price in West End this year, down 6% compared with 2021. 
  • 80 -- The number of homes sold in West End this year, up 29% compared to last year.
  • $4 million -- The final sales price for a two-bedroom condo that sold in June, the priciest listing to sell this year. 
  • 2.73 -- The monthly supply of homes for sale in July, down 44% since July 2021. 
  • 98% -- The percentage of home sales that were condos or co-ops in 2022. 

Photo courtesy of BTW Images. 

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This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/a-flurry-of-sales-the-west-end-housing-market-by-the-numbers/20005.

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