Homes for Sale in our Nation's Capitol
Washington, DC Real Estate
Guide to Washington DC Real Estate
Washington, DC is the capital of the United States and is located on the east coast of the country. A planned city, this district is home to some of the best entertainment venues in the area, a wonderfully diverse population, an abundance of terrific restaurants, and a historical charm that is unmatched anywhere else in the country.
Surrounded by Virginia, Maryland, & the Potomac River
Washington, DC sits along the eastern coast of the United States and is divided into four unequal quadrants: Northwest (NW), Northeast (NE), Southwest (SW), and Southeast (SE). The city is belted by Southern Avenue SE and the Potomac River to the south, the river and Western Avenue NW to the west, Eastern Avenue NE to the east, and the intersection between Western Avenue NW and Eastern Avenue NE create the northern point of the district. The capital is surrounded by Virginia to the south and Maryland to the north. Cities and neighborhoods bordering the district are Bethesda, Silver Spring, and College Park to the north, Hyattsville and Largo to the east, Arlington, McLean, Annandale, and later Tysons to the west, and Alexandria to the south.
Named in Honor of George Washington
The Residence Act was signed in 1790, approving the creation of a capital district located along the Potomac River. The U.S. Constitution provided for a federal district, therefore DC is not a part of any U.S. state. Once the location of the capital was set, the states of Maryland and Virginia each donated land to form the federal district. In 1791, a new federal city was then constructed on the north bank of the Potomac. After naming the city after President Washington, the federal district was named Columbia, which was a poetic name that was commonly used at the time.
Getting Around in DC
Main east coast highways like I-95, I-66, and I-395 are all directed into Washington, but terminate shortly after entering the city. Washington Metro, the city’s rapid transit system, as well as Metrobus, both serve the district and its suburbs. Union Station is the city’s main train station and is a transportation hub for passengers on Amtrak, VRE, MARC, and the Metro system. Three major airports serve the capital: Reagan National Airport in Arlington, Dulles International Airport in Fairfax, and BWI Airport in Anne Arundel County, Maryland. Reagan can be reached by the Blue line, while additional Metro lines are underway to connect the city to Dulles Airport with construction to be completed in 2020.
Different Places to Live
Depending on where you want to live, one housing style might be more popular than another. Some of the housing available are detached single-family homes, row houses, condos, as well as numerous apartment buildings. A terrific thing about DC is that you can find anything from expensive single family homes in beautiful neighborhoods to condominiums or co-ops. One of the most popular styles is the historic row homes, some of which date back hundreds of years.
Music Venues & DC Nightlife
There are plenty of ethnic restaurants, nightlife, and a plethora of diverse cultures throughout DC. This is one of the main reasons why DC is home to hundreds of different types of restaurants, bars, clubs, and live music venues. Many neighborhoods in the district supply a wealth of nightlife experience including H St. Corridor, U St. Corridor, Adams Morgan and Dupont Circle to name a few. Dupont Circle is most notably home to Eighteenth Street Lounge and Public Bar. The 930 Club is a terrific music venue and is located in the historic U St. Corridor. Other great music venues in the district are not limited to the Black Cat, Howard Theatre, and the Rock & Roll Hotel.
You can go almost anywhere in the city and find a wonderful restaurant or cafe. On H St. Corridor you can find Toki Underground, Smith Commons, and Zengo. In Chinatown, there is the famous Graffiato by Mike Isabella and Rasika. Other restaurants around the city worth mentioning are Jaleo, Zaytinya, Proof, Oyamel Cocina Mexicana, and Minibar by Jose Andres. If you stay in Chinatown long enough you can also find the Verizon Center. This arena is home to the NBA Wizards, and also poses as an entertainment arena.
Arts, Parks, & Museums
Arena Stage and the Kennedy Center are two of the premiere destinations for theater-goers. The Kennedy Center in particular is home to the National Symphony, the Washington National Opera, and the city’s ballet. It is also close to the National Mall—a large and open park that runs downtown Washington between the Lincoln Center and the United States Capitol. This park is home to anything from political protests to festivals. Within the National Mall, you can also find plenty of terrific museums including the Smithsonian American Art Museum and the National Air and Space Museum. South of the mall, at the Tidal Basin, you can see featured rows of Japanese cherry blossom trees that originated as gifts from Japan. The Tidal Basin is also home to some wonderful memorials including memorials of Martin Luther King, Jr., Thomas Jefferson, and Franklin Roosevelt.
There is plenty of green space in DC, as you can find anything from quaint parks to tree-lined neighborhoods. Some other notable parks include Rock Creek Park, Anacostia Park, and Hains Park. Other attractions in the city are the National Zoo, the Washington Monument, the Arboretum, East Potomac Park, Nationals Park, and Ford’s Theatre.
Washington, DC is a dynamic city with a large historical background. Lately, the city has revitalized many of its neighborhoods that have led to an influx of newcomers. Its rapid transit system, diverse entertainment, and unmatched attractions are just some of the reasons why DC is a place that many people want to call home.
Real Estate Market Stats
Basic Stats Overview
Data Source: MRIS Listing Data, Last Updated: 5/29/2016
|Homes for Sale||1,261||-2.6%||+15.6%|
|Solds: 90 Day||2,149||+16.1%||+28.7%|
|Average List Price/Sold Price||99.73%||+0.2%||+1.3%|
|90 Day Sold||$648,226||+4.4%||+4.3%|
|90 Day Sold||$543,000||+4.2%||+5.5%|
|Days on Market|
|90 Day Sold||30.05||-13.7%||-22.3%|
|Homes for Sale||224||-11.6%||+15.2%|
|Solds: 90 Day||311||+17.4%||+20.6%|
|Average List Price/Sold Price||99.10%||0.0%||+3.2%|
|90 Day Sold||$944,985||+10.6%||+5.9%|
|90 Day Sold||$779,000||+8.9%||+15.3%|
|Days on Market|
|90 Day Sold||28.38||-22.0%||-26.0%|
|Homes for Sale||449||+2.4%||+18.0%|
|Solds: 90 Day||929||+16.5%||+28.6%|
|Average List Price/Sold Price||100.00%||+0.3%||+0.6%|
|90 Day Sold||$719,712||+3.8%||+8.9%|
|90 Day Sold||$652,500||+4.2%||+8.0%|
|Days on Market|
|90 Day Sold||27.40||-11.2%||-24.2%|
|Homes for Sale||588||-3.1%||+13.9%|
|Solds: 90 Day||909||+15.2%||+31.6%|
|Average List Price/Sold Price||99.74%||+0.1%||+0.8%|
|90 Day Sold||$473,636||+0.4%||-0.6%|
|90 Day Sold||$415,000||+0.7%||+2.5%|
|Days on Market|
|90 Day Sold||33.34||-13.1%||-20.0%|
What does the most expensive home in Washington DC Real Estate look like?
3150 SOUTH ST NW #PH2A, WASHINGTON, DC 20007
How about the least expensive?
2711 Q ST SE #203, WASHINGTON, DC 20020
454 PARK RD NW #2, WASHINGTON, DC 20010
How Much is Available?Data Source: MRIS Listing Data, Active Inventory
The number of Washington DC Real Estate homes listed for sale. Lower inventory favors sellers in negotiations.
How Many Months of Inventory?Data Source: MRIS Listing Data, Months Inventory
The number of homes listed for sale in Washington DC Real Estate divided by the number of homes sold in one month. Higher inventory favors buyers.
More Actives or More Pendings?Data Source: MRIS Listing Data, Active/Pending Ratio
Ratio of homes in Washington DC Real Estate listed for sale versus those under contract. The lower the number, the hotter the market.
Are Sellers Negotiating?Data Source: MRIS Listing Data, List/Sold Ratio
Shows a comparison between the final sales price of homes sold in Washington DC Real Estate versus their list price.
What is Average?Data Source: MRIS Listing Data, Average Sale Price (90 Days)
Average list price of homes for sale in Washington DC Real Estate
How Fast Are They Selling?Data Source: MRIS Listing Data, Days on Market (Sold Listings 90 Days)
Average days from Listing Date to Sold Date for Washington DC Real Estate homes that sold in the past 90 days.
The Rhapsody Condominiums
These condos are incredible. Not only the location and building but also the vibe. Interestingly enough, a Whole Foods in going in across the street from this building. Condo values should skyrocket.