Only 39 of the 452 properties sold in DC during January were short sales or foreclosures. Average prices climbed 1%, while the median took a huge leap of 12.3%, fueled by the 40% drop in new inventory. Sellers were averaging 96.4% of original list price.
Single Family Homes
Average Sale Price: $769,275 in 57 days (median was 30)
Range: $67,500 – $6,250,000
Rowhomes/Townhomes
Average Sale Price: $550,592 in 47 days
Range: $37,000 – $7,550,000
1 Bedroom Condo/Coop Units
Average Sale Price: $301,261 in 46 days (median was 25)
Range: $3,000 – $550,000*
2 Bedroom Condo/Coop Units
Average Sale Price: $562,689 in 70 days (media was 25)
Range: $45,000 – $1,749,000
*Yes, you read that correctly. A Coop unit sold for a mere $3,000.
Find Out What Your DC Home Is Worth or Search DC Homes For Sale