Washington, DC 20002 Real Estate Market Report

ZIP Code: 20002
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 6.50%, reflecting a stable market environment for property owners in this area.

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. The neighborhood's market value and recent transaction activity are best represented by the median sold price of $799,000, which indicates the price level achieved by completed transactions and should be treated as the primary valuation benchmark for SFR and condo deals in ZIP 20002.

2. There is a meaningful gap between the median listing price of $680,000 and the median sold price of $799,000, which may indicate pricing friction or selective acceptance of higher offers on transacted properties rather than broad listing-to-sale alignment.

3. Market velocity appears muted: the median days on market of 222 points to slower sales velocity and suggests extended marketing periods, which, combined with a neutral market temperature, may result in more negotiation room for informed buyers.

4. Interest rate pressure is elevated (regional 30-year fixed rates averaging 6.50%), and rents are declining with a median market rent of $2,300 and a downward rent trend; this elevated interest rate pressure increases carry costs and may weigh on buyer affordability and near-term price momentum.

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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.

Washington, DC 20002 Real Estate Market Report

ZIP Code: 20002
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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Property Taxes

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Liquidity & Velocity

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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 6.50%, reflecting a stable market environment for property owners in this area.

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. median sold price: 428,000 — The median sold price at 428,000 is the most reliable indicator of realized market value in this ZIP and suggests recent transactions are settling below asking expectations; downward price pressure is consistent with reported price trends.

2. median days on market: 247 — A median days on market of 247 indicates materially slower sales velocity and suggests increased time-to-contract, which may reflect pricing friction or more selective buyer behavior.

3. median listing price: 434,900 and median sold price: 428,000 — The spread between median listing price (434,900) and median sold price (428,000) appears to show seller expectations remain slightly above transaction levels and may require adjustment to accelerate liquidity.

4. market temperature: neutral, price year-over-year trend: down, interest rate pressure: elevated, and current 30-year fixed mortgage rate of 6.50% — The market is broadly balanced (neutral) but with down price momentum and elevated interest rate pressure, conditions that may prolong negotiation timelines and keep upward price movement constrained.

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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.