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Sales...Up? The Crystal City Housing Market, By the Numbers

  • July 31st 2023

by UrbanTurf Staff

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22202-sal.jpeg
A home in 22202.

UrbanTurf continues its annual look at the neighborhood markets around the DC region. Today, we head over to the zip code that encompasses Crystal City and Pentagon City in Northern Virginia.

For two years in a row, the 22202 zip code, home to Amazon's second headquarters, has seen both total dollar volume and home sales volume rise. Virtually every property type has seen an increase in sales, with condo and co-op sales leading the way. The increase in sales is leading to a bit more breathing room for buyers, as homes are sitting on the market longer and a key competition metric has dropped. 

Below are some statistics that UrbanTurf compiled about the 22202 market.

  • $80 million -- The total dollar volume of homes sold in 2023, a 19% increase compared to 2022.
  • 111 -- The number of homes sold so far in 2023, an 20% increase compared to 2022. 
  • $624,900 -- The median sales price for a home in 22202.
  • 41 -- The average number of days homes spent on the market in June.
  • 97.5% -- The ratio of average sales price to list price, down 3% compared to last year.

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This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/salesup_the_crystal_city_housing_market_by_the_numbers/21321.

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