October 2020 Washington, DC Real Estate Report

Home sales in the DC area showed no sign of cooling with the autumn weather.  The median number of days on market continued to track near historic lows, while sales prices in most jurisdictions approached new records.

Washington, DC set a new ten-year record for condo/co-op sales at 485 units (up an amazing 69.0%). Condo/co-op sales in the Capitol Hill zipcode of 20002 TRIPLED from last year!

Prince Georges County tapped an overall decade best in the number of townhouse units sold, with Upper Marlboro leading the way.

Montgomery County townhomes reached a two-year best.

The number of closes sales in the city hit 923. The number of new listings soared to 1,618, up 2.1% from last year.

The Numbers Month to Month and Year to Year

October 2020 Real Estate Sale Highlights

The median sales price for Washington, DC Homes for Sale was $639,000 last month, which was up 11.1% from September 2019. The median sales price was $648,000 in August.

New pending sales jumped an impressive 13% from last year to 965.

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

A few highlights of the current Washington, DC Homes for Sale are shown below and represent a nice cross-section of properties available, under contract, and that have sold.

This Month’s Most Expensive

The most expensive of all Washington, DC Homes sold last month was a new six-bedroom home in the Berkley neighborhood near the Georgetown Reservoir.  Amenities included a Yoga Studio, a grand foyer, and a spacious rear patio. It sold for about $5.2 million.

This Month’s Least Expensive

The least expensive of all Washington, DC homes sold was a move-in ready condo in the Bellevue neighborhood of far SW D.C. The closing price was $85,000.

Uptown Sales for September 2020

16th Street Heights

Address Beds Price
4739 13th St NW 6 $1,365,000
4803 Arkansas Ave NW 4 $1,200,000
5714 16th St NW 4 $1,132,000
4407 16th St NW 5 $1,075,000
1414 Crittenden St NW 5 $915,000
1330 Montague St NW 3 $862,000
1324 Longfellow St NW 5 $785,000
5230 Georgia Ave NW #407 1 $359,900
5230 Georgia Ave NW #301 1 $339,900

Brightwood

Address Beds Price
1379 Somerset Pl NW 4 $915,000
1347 Somerset Pl NW 4 $850,000
5714 5th St NW 5 $823,126
6122 7th St NW 4 $819,000
816 Tuckerman St NW 4 $817,000
520 Quintana Pl NW 3 $749,900
6205 16th St NW 3 $742,200
6312 7th St NW 3 $720,000
526 Tuckerman St NW 4 $701,000
6605 8th St NW 3 $675,000
5417 9th St NW #1 2 $574,999
835 Longfellow St NW 3 $525,000
1320 Missouri Ave NW #203 1 $230,000
6445 Luzon Ave NW #210 1 $195,000
6445 Luzon Ave NW #510 1 $189,900

Colonial Village

Address Beds Price
1651 Primrose Rd NW 3 $865,000
1644 Roxanna Rd NW 4 $820,000

Crestwood

Address Beds Price
1606 Varnum St NW 6 $1,810,000
4540 Blagden Ave NW 3 $1,175,000

Manor Park

Address Beds Price
308 Quackenbos St NW 5 $950,000
6122 Blair Rd NW 3 $595,000

Shepherd Park

Address Beds Price
1210 Holly St NW 5 $1,990,000
7534 13th St NW 4 $875,000

Takoma

Address Beds Price
7102 9th St NW 3 $776,000
617 Tewkesbury Pl NW 3 $634,000

What These Numbers Mean to You

Welp. Last month we asked if “Back-to-School” would finally slow down the powerful DC real estate market and we got our answer: Bugs Bunny No

Low mortgage interest rates and low inventory continue to keep the engine humming, which is great news for home sellers. Buyers continue to have to hustle to find those great deals. Washington, DC did set a new ten-year record for overall new listings, so maybe, maybe, some relief is on the way.

Tune in next month to find out the latest local real estate news.

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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