Washington, DC 20016 Real Estate Market Report

ZIP Code: 20016
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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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 in Washington DC are averaging 6.10% as of April 2026, which is 0.27% lower than the average rate of 6.37% recorded in April 2025.

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. $1,675,000 median sold price identifies realized market value and suggests current transaction comps are below asking-level expectations, with pricing friction evident between listing and sale prices.

2. $3,000,000 median listing price implies seller pricing expectations are meaningfully higher than recent closed prices, which may contribute to slower market velocity and longer negotiation cycles.

3. 270 days median days on market points to extended time-to-sale and reduced liquidity, which may signal that sellers need to adjust pricing or terms to accelerate transactions.

4. 766.5677546983185 median price per square foot indicates high per-unit pricing intensity for closed transactions and should be used cautiously when valuing comparable assets due to the market's slower pace.

5. Interest-rate dynamics are a headwind: with interest rate pressure characterized as elevated and local 30-year fixed rates averaging 6.10%, financing affordability constraints may further suppress price growth and buyer urgency.

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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.