Washington, DC 20004 Real Estate Market Report

ZIP Code: 20004
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code has limited single-family residential (SFR) inventory. Metrics are based primarily on other residential property types (e.g. condos/townhomes) as a proxy, so treat SFR conclusions as directional rather than precise.

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Executive Overview

As of April 2026, the housing market in Washington, DC (ZIP: 20004) is exhibiting signs of recalibration, with the median sold price recorded at $495,000. This figure reflects a market that has seen a shift towards a more balanced state, as evidenced by the down trend in prices year-over-year. The median listing price stands at $636,750, indicating a notable gap between seller expectations and actual transaction values, which may contribute to prolonged selling times.

The median days on market has reached 250, suggesting a slower sales velocity and a market that is adjusting to elevated inventory levels. While there is elevated inventory relative to sales activity, the overall supply remains low, potentially providing sellers with an edge in specific areas. The rental market is also experiencing a down trend, with the median market rent at $2,430, reflecting mixed demand signals influenced by broader economic uncertainties.

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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.

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Key Findings

1. The median sold price of $495,000 indicates a significant gap from the median listing price of $636,750, suggesting potential pricing friction in the market.

2. With 250 days on market, the current sales velocity is slower, reflecting a market adjusting to elevated inventory levels and buyer hesitance.

3. The year-over-year price trend is down, indicating a softening market and potential challenges for sellers in achieving listing prices.

4. The median market rent has also decreased to $2,430, which may reflect broader economic pressures impacting rental demand.

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