VA · Metro #6

Washington - DC housing market

The Washington metro has a typical home value of $584,684, down 0.3% from a year ago. Homes are moving fast at 10 days on market, a strong seller's market. 25% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$584,684
-0.3% vs. year ago
Median sale price
$562,977
+1.9% YoY
Median list price
$573,267
Sale-to-list ratio
100.4%
Selling above ask
Days on market
10d
Listings w/ price cut
25.1%
New listings / mo
8,207
+3.5% YoY
Homes for sale
18,785
+7.4% YoY
Typical rent
$2,448/mo
+-0.0% YoY
Context

How to read this data

The typical home value ($584,684) is the Zillow Home Value Index for the Washington - DC metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 0.3% over the past year. A home worth $586,443 last year is now worth roughly $584,684.

The median sale price , what homes actually close for , is $562,977. Homes are selling at 100.4% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Washington - DC sit on the market for roughly 10 days before going pending. Shorter = seller's market; longer = buyer's market.

About 25.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 8,207 new listings hit the market each month in Washington - DC. There are currently 18,785 homes for sale, up 7.4% from a year ago.

The typical monthly rent in Washington - DC is $2,448, up 0.0% year over year. For investors, the price-to-rent ratio here is roughly 20x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in VA

MetroHome value1-yr changeDays on market
Virginia Beach - VA$376,711 +2.6% 23.0d
Richmond - VA$399,562 +2.4% 7.0d
Roanoke - VA$305,065 +3.9% 15.0d
Lynchburg - VA$293,781 +3.0% 16.0d
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