VA · Metro #6

Washington - DC housing market

The Washington metro has a typical home value of $582,461, down 0.5% from a year ago. Homes are moving fast at 9 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$582,461
-0.5% vs. year ago
Median sale price
$560,027
+3.6% YoY
Median list price
$549,933
Sale-to-list ratio
99.5%
Selling below ask
Days on market
9d
Listings w/ price cut
19.9%
New listings / mo
7,013
+3.6% YoY
Homes for sale
15,196
+11.9% YoY
Typical rent
$2,375/mo
-0.4% YoY
Context

How to read this data

The typical home value ($582,461) 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 0.5% over the past year. A home worth $585,388 last year is now worth roughly $582,461.

The median sale price , what homes actually close for , is $560,027. Homes are selling at 99.5% of list price, meaning buyers have room to negotiate.

Homes listed in Washington - DC sit on the market for roughly 9 days before going pending. Shorter = seller's market; longer = buyer's market.

About 19.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 7,013 new listings hit the market each month in Washington - DC. There are currently 15,196 homes for sale, up 11.9% from a year ago.

The typical monthly rent in Washington - DC is $2,375, down 0.4% 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$371,148 +2.3% 25.0d
Richmond - VA$393,943 +2.1% 7.0d
Roanoke - VA$297,806 +3.6% 19.0d
Lynchburg - VA$288,024 +2.3% 20.0d
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