The 7 DC Neighborhoods That Saw Prices Rise the Most This Year (And Why)
Today, UrbanTurf is taking a look at the DC neighborhoods that have seen the highest home price appreciation so far in 2022. Tomorrow, we will take a look what home prices may do in the coming months across the region.
In the table below, we outline the seven neighborhoods that have seen the largest increase in home values. In order to qualify for the list, a neighborhood had to record at least 10 sales this year. UrbanTurf used advertised subdivision statistics from Bright MLS to compile the list.
story continues below
loading...story continues above
Leading the way is Colonial Village, a neighborhood market that we looked at earlier this year. The large increase in prices is largely due to the increase in value of detached homes with 4+ bedrooms.
Single-family detached home prices are really driving the strong appreciation in most neighborhoods that made the list. In Berkley and Palisades, 4+ bedroom prices are up notably, and in Takoma and Woodley Park, three-bedroom houses lead the way in terms of appreciation.
In Mount Pleasant, condos and co-ops are actually pushing prices north. Prices for this property segment are up 18% in 2022, one of the highest appreciation amounts for condos for any neighborhood in the city.
Photo courtesy of HomeVisit.
See other articles related to: dc home prices, dc housing market, dc housing prices
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/the-7-dc-neighborhoods-that-saw-prices-rise-the-most-this-year-and-why/20144.
Most Popular... This Week • Last 30 Days • Ever
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Today, UrbanTurf is examining one of our favorite metrics regarding competition in th... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
- The 4 Projects In The Works Near DC's Starburst Intersection
- What Are the Annual Maintenance Costs When You Own a Home?
- The 6 Places In The DC Area Where You Aren't The Only One Bidding On a Home
- A First Look At The New Plans For Adams Morgan's SunTrust Plaza
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro