Washington, DC 20016 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 primary market indicator, 1,475,000 median sold price, points to realized transaction values that are below asking expectations, and the price trajectory is down, suggesting recent closed sales are softer than prior comparables.
2. There is a large gap between the 2,999,000 median listing price and the median sold price, which may indicate pricing friction as seller expectations appear misaligned with recent transaction levels.
3. The 278 median days on market signals slower sales velocity and longer time-to-close for listings, which appears consistent with a market that is moving toward balance and may be contributing to increased negotiation leverage for purchasers (moderate market conditions).
4. Elevated inventory relative to sales activity combined with 6.5% current 30-year fixed mortgage rates and moderate interest rate pressure suggests financing costs remain a headwind for demand and could prolong the period of price adjustment.

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.