Washington, DC 20007 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 median sold price is 1,695,500, which serves as the primary indicator of recent transaction value and—combined with a median days on market of 271—suggests slower sales velocity and downward price pressure may be present in recent transactions.
2. The median listing price is 2,795,000, creating a noticeable spread versus the median sold price that may indicate pricing friction between seller expectations and realized market transactions.
3. The market temperature is neutral, pointing to a more balanced market where relatively constrained active supply appears to coexist with slower transaction velocity rather than a clear advantage for buyers or sellers; pricing should be approached with caution and local comps prioritized.
4. Rents are rising with median market rent at 3,000 and rent year-over-year trend marked as up; however, interest rate pressure is elevated (current 30-year fixed mortgage rates noted at 6.56%), which may moderate buyer capacity despite strong rental demand and a high median price per square foot of 946.

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.