Home | Newsletter | Advertise
loading...

The Price For a House in DC Hit a New High in March

  • April 19th 2022

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

A Brookland home that sold earlier this year.

The price for a single-family detached home in Washington, DC hit a new record last month. 

The median price for arguably the most sought-after property type in the city over the last three years came in at $1.3 million, according to Bright MLS, just slightly higher than the previous record set last June. This price is up 14% compared to February and a whopping 48% compared to March 2021. 

A look around the city in the first quarter finds that the neighborhoods that saw the highest year-over-year price increase were Palisades (49%), Woodridge (24%) and Spring Valley (12%).

Just outside the DC borders, Alexandria saw single-family prices remain above $1 million for the second straight month, and prices in Fairfax County (13%) and Loudoun County (16%) both increased by double-digits.

Photo courtesy of Realvision.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/the-price-for-a-dc-house-hit-a-new-high-in-march/19536.

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