Washington, DC 20004 Real Estate Market Report
ZIP Code: 20004
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.
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
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.
Rental Market
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
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.
Key Findings
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median sold price: $465,750 — Recent transactions center around a representative recent sale at this level, which appears to set achievable market value despite higher asking expectations; market temperature: neutral suggests neither strong premiuming nor steep discounts on closed deals.
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median days on market: 289 — Extended days on market point to slower sales velocity and increased negotiation windows for buyers; this stable/neutral liquidity backdrop may require sellers to price more competitively relative to asking levels.
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median listing price: $619,900 vs. the median sold price indicates a notable spread between seller expectations and realized transaction prices, which may indicate pricing friction and provides buyers with leverage when offers are constructed; monitor this gap when advising pricing or bid strategy.
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price year-over-year trend: down and interest rate pressure: moderate — The combination of softening prices and ongoing rate headwinds suggests caution on near-term upside; paired with rent year-over-year trend: flat, this environment may favor patient buyers and price-sensitive negotiations rather than aggressive seller pricing.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold above market average
Sold at market average
Washington, DC 20004 Real Estate Market Report
ZIP Code: 20004
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.
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
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.
Rental Market
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
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.
Key Findings
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The neighborhood’s primary market signal is the 465,750 median sold price, which represents the most reliable indicator of recent transaction value and suggests a more modest pricing reality than asking prices; representative recent sale appears to be below median listing expectations.
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Despite a higher median listing price of 619,900, the gap between listing and the 465,750 median sold price may indicate pricing friction and increased negotiation opportunity for buyers; neutral market temperature suggests this is not a one-sided market.
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Liquidity appears slow based on a 289 median days on market, which should be read as slower sales velocity rather than definitive weak demand; down in the price year-over-year trend reinforces cautious pricing posture.
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Market fundamentals show a 619 median price per square foot and 2,650 median market rent while rent is trending flat and interest rate pressure is moderate, which together suggest stable income dynamics but incremental financing headwinds; moderate interest rate pressure may limit aggressive price recovery.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold above market average
Sold at market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.5% rate, 0.8% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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