December 2020 Washington, DC Real Estate Report

Despite the pandemic and uncertainty related to the conclusion of the national election, the DC area real estate market continue to power to new heights last month.  DC set a new all-time high median price for the month of November at $680,000.  Sales were up an astounding 30% from November of 2019.

The Bright MLS report that analyzes the regional housing market stated:

Buyers continued to show high demand for condos/co-ops, as sales of these units hit a new record for the month. Overall, new pending sales continued to have year-to-year growth in the high teens for the third straight month. Days on the market landed at eight days.

Moving into December, seasonal declines typical for the holidays are expected, but the market will remain at record-setting pace. As well, rising COVID-19 cases could influence the market. The median sales price should remain near the $500K mark,with closings dipping -3% to -5% month to month. Notably, December’s new pending sales typically decline -20% to -25% from November, with days on the market likely to gain by a day.

The number of closed sales in the city hit 844.

The Numbers Month to Month and Year to Year

December 2020 Uptown Real Estate Report

All of these changes affect your home value. If you want to know the new value of your home, click here!

Uptown Real Estate Sales for November 2020

Regional and citywide real estate activity has a big impact on the local Uptown, DC market in the neighborhoods near Shepherd Park, Takoma and Brightwood.  See our local monthly results below.

This Month’s Most Expensive

A grand and spacious four-bedroom on Holly Street in Shepherd Park with an oversized master suite with his/hers closets, walk in shower and more luxury features was this month’s most expensive home sale. This sale closed at nearly $2 million.

This Month’s Most Affordable

A “delightful and sunny” 1 bedroom, 1 bath condo in Takoma just steps from the Metro Station was this month’s most affordable local unit.  The final price on this was $268,000.

16th Street Heights

Address Beds Price
1308 Gallatin St NW 4 $1,425,000
1307 Farragut St NW 6 $1,385,000
1441 Kennedy St NW 7 $1,351,000
1105 Buchanan St NW 6 $1,315,000
1407 Varnum St NW 5 $1,162,250
1417 Crittenden St NW 3 $1,108,001
1625 Nicholson St NW 6 $1,100,000
1433 Manchester Ln NW 4 $895,000
1235 Shepherd St NW 4 $870,000
1224 Hamilton St NW 3 $770,000
4326 15th St NW 4 $652,000
4702 15th St NW 4 $640,000
5303 13th St NW 4 $595,000
5230 Georgia Ave NW #305 1 $344,900
1400 Oglethorpe St NW #5 1 $310,000

Brightwood

Address Beds Price
1509 Van Buren St NW 4 $1,025,000
6523 6th St NW 5 $916,000
1332 Van Buren St NW 6 $907,580
5710 4th St NW 5 $880,000
5705 5th St NW 4 $835,000
6113 14th St NW 4 $824,000
6109 14th St NW 4 $801,500
6426 7th St NW 3 $800,000
801 Nicholson St NW 4 $792,000
5610 5th St NW 4 $775,000
602 Sheridan St NW 3 $765,000
6005 4th St NW 4 $752,500
718 Nicholson St NW 4 $655,000
6219 4th St NW 5 $615,000
605 Roxboro Pl NW 3 $600,000
415 Madison St NW 3 $541,500
343 Cedar St NW #313 2 $509,000
720 Oglethorpe St NW 3 $500,000
6722 3rd St NW #B1 1 $268,000

Colonial Village

Address Beds Price
1626 Primrose Rd NW 6 $1,349,000
7815 Orchid St NW 4 $1,315,000
8216 W Beach Dr NW 5 $1,225,000
1840 Primrose Rd NW 3 $1,105,500

Crestwood

Address Beds Price
4218 Blagden Ave NW 3 $1,395,000

Manor Park

Address Beds Price
15 Madison St NW 3 $627,000

Shepherd Park

Address Beds Price
1211 Holly St NW 5 $1,949,000
1437 Leegate Rd NW 4 $1,225,000
1409 Kalmia Rd NW 5 $991,036

Takoma

Address Beds Price
705 Fern Pl NW 4 $888,000
24 Walnut St NW 3 $760,000
31 Tuckerman St NW 3 $615,000

All of these changes affect your home value. If you want to know the new value of your home, click here!

About Love Living DC

Love Living DC is Washington’s #1 real estate team for dependable neighborhood expertise. If you have any questions about buying, selling, or investing in DC real estate, feel free to reach out to me anytime. I’d be happy to help.

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Jennell Alexander

Love Living DC is Washington’s #1 real estate team for dependable neighborhood expertise. If you or a friend need a smart, experienced real estate agent to help you buy, sell, or invest in a home in the DC area, give me a call.

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