Washington, DC 20002 Real Estate Market Report

ZIP Code: 20002
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Washington, DC (ZIP: 20002) is $805,000, reflecting a year-over-year decline. This downward trend suggests a shift in market dynamics, with properties taking longer to sell, as evidenced by a median of 221 days on market. Elevated inventory levels are apparent, indicating a potential excess supply relative to sales activity, which may influence future pricing strategies for sellers. The current economic climate, characterized by elevated interest rates, is likely contributing to this shift, as buyers face increased borrowing costs that may dampen demand.

As the market adjusts, the median listing price stands at $659,900, creating a notable gap between asking and sold prices. This discrepancy may indicate seller expectations that are not aligning with current buyer sentiment, further contributing to the slower sales velocity. Overall, the market appears to be in a transitional phase, with moderate transaction volume and a neutral market temperature, suggesting that both buyers and sellers are navigating a more cautious landscape.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Washington DC 20002 are averaging 6.37%, which is 0.75% higher than the early 2026 average of approximately 5.62%.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. $805,000 is the median sold price, indicating a down trend in home values year-over-year.

2. Properties are taking a median of 221 days on market, reflecting a slower sales velocity compared to previous periods.

3. The median listing price is $659,900, which shows a significant gap from the median sold price, suggesting potential pricing friction for sellers.

4. Elevated inventory levels are present, indicating an excess supply relative to sales activity in the current market.

5. The market temperature is neutral, suggesting a balanced environment where neither buyers nor sellers have a distinct advantage.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.