Washington, DC 20016 Real Estate Market Report

ZIP Code: 20016
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.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for properties in 20016 are 6.25% compared to the 5.99% average observed when loans originated in early 2026.

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

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Key Findings

1. The most reliable indicator of current market value is the median sold price of $1,675,000, which suggests recent transaction activity centers near this level and the market appears balanced rather than strongly one-sided given a neutral market temperature.

2. There is a large discrepancy between the median listing price of $2,745,000 and the median sold price of $1,675,000, which suggests sellers are positioning inventory above recent transaction levels and may face pricing friction when converting listings to sales.

3. The median days on market of 255 points to slower sales velocity, which, combined with a relatively constrained active supply in the analyzed sample, may translate to longer negotiation windows and more conditional offers—buyers may have incremental leverage while sellers should expect extended marketing periods.

4. Macro and rental signals are mixed: current 30-year fixed mortgage rates are 6.25% versus 5.99% for loans originated in early 2026, reflecting moderate interest rate pressure, while median market rent of $2,916 and a rent year-over-year trend of down indicate softer rental momentum that may temper investor demand.

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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.

Washington, DC 20016 Real Estate Market Report

ZIP Code: 20016
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.

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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

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Property Taxes

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Liquidity & Velocity

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for properties in 20016 are 6.25% compared to the 5.99% average observed when loans originated in early 2026.

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

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Key Findings

1. The neighborhood’s primary transaction indicator, the median sold price, is $419,900, which anchors recent market value and should be treated as the most reliable signal of pricing in this ZIP code; overall price momentum is down.

2. There is a notable gap between the median listing price and the median sold price—median listing price is $382,000 while median sold price is $419,900—which suggests seller expectations and final transaction outcomes are misaligned and may require targeted pricing strategy or staging to convert offers; this dynamic appears alongside a neutral market temperature.

3. Market liquidity is slower: the median days on market at 302 indicates prolonged listing periods and reduced transaction velocity, which, combined with elevated inventory relative to sales activity, may pressure sellers to price more competitively or offer concessions; this trend is consistent with a down rent year-over-year trend and softer demand.

4. Financing and operating cost context is a headwind: interest rate pressure is judged moderate, with current 30‑year fixed mortgage rates at 6.25% compared to the earlier average of 5.99%, and the median market rent at $2,800 is also trending down, suggesting constrained near-term upside for both owner-occupier affordability and rent-driven investment returns.

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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.