Washington, DC 20007 Real Estate Market Report

ZIP Code: 20007
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The median sold price in Washington, DC (ZIP: 20007) is $1,640,000, reflecting a robust market despite a slight softening in the broader DC metro area. This neighborhood has increased 15% since 2023, indicating strong demand relative to historical performance. However, the market is experiencing slower sales velocity, as evidenced by a median of 249 days on market, suggesting that properties are taking longer to sell and may indicate a shift towards a more balanced market environment.

Inventory levels are elevated, with a notable gap between the median listing price of $2,825,000 and the median sold price. This discrepancy may reflect seller expectations that are not aligning with current buyer sentiment. Additionally, the market temperature is classified as neutral, indicating a balanced environment where both buyers and sellers have equal negotiating power, albeit with elevated interest rate pressure impacting overall market dynamics.

---

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

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

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

1. The median sold price of $1,640,000 signifies strong market performance despite recent fluctuations.

2. Elevated inventory levels suggest a shift towards a more balanced market, with properties taking a median of 249 days on market to sell.

3. The median listing price of $2,825,000 indicates potential pricing friction as it exceeds the median sold price significantly.

4. Market temperature is neutral, suggesting balanced conditions between buyers and sellers in the current landscape.

5. Rental trends show conflicting signals, with the median market rent at $3,360, which may indicate down trends in rental growth.

---

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.