Washington, DC 20002 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

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

Key Findings

1. The neighborhood's representative recent sale is the median sold price 841,640, which should be treated as the primary indicator of current market value and recent transaction activity; with a neutral market temperature, this suggests sales are occurring but without strong directional momentum.
2. There is a meaningful gap between the median listing price 674,900 and the median sold price 841,640, which may indicate pricing friction or seller expectations above recent transaction levels and downward pressure on prices given the reported price year-over-year trend of down.
3. Market velocity is slower based on the median days on market of 249, which suggests prolonged time-to-sale and moderate liquidity rather than rapid turnover; this aligns with reported rent year-over-year trend of down, implying cooling demand pressure.
4. Interest rate conditions are a headwind: current 30-year fixed mortgage rates at 6.56% (noted as 0.56% higher than the 5.99% reference) represent elevated interest rate pressure, which may suppress buyer activity and reinforce the neutral-to-cooling market signals indicated by the other metrics.

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.