Home | Newsletter | Advertise
loading...

High Home Prices, Higher Demand on Capitol Hill

  • May 6th 2019

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

A home that sold earlier this year on Capitol Hill.

With the spring housing market in full swing, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today, we head down to Capitol Hill. 

Increasing home prices haven't dampened homebuyer demand on the Hill, as they have in the rest of the region. As the selection of statistics below show, both prices and sales have risen by double-digit percentage points compared to the same period last year. But what is also rising is the supply of homes for sale, which means that buyers will have more options this spring. 

  • $869,500 -- The median home sales price on Capitol Hill in 2019, up 11 percent compared to last year. 
  • $1.527 million -- The average home price for an attached house with four or more bedrooms, up 17 percent compared to 2018. 
  • 1.61 -- The monthly supply of homes for sale in March, up 86 percent compared to last year. 
  • 10 -- The median number of days that homes spent on the market in March, down 58 percent compared to the same time last year. 
  • 118 -- The number of homes sold so far in 2019, up 17 percent compare to 2018. 
  • 99.9% -- The average sales price to original list price ratio for homes that sold in 2019. 

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/capitol-hill/15354.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse