After a strong January, it’s time to take a look at the 22201 market around us for February. In total, 27 properties sold; 5 single family homes, 3 townhomes, and 19 condos. Here’s the average net sales price per type of property:
Detached, Single-Family Homes
Average Net Sale Price: $950,060 after 100 Days on the Market
Range: $560,000 – $1,400,000
Townhomes
Average Net Sale Price: $602,333 after 5 DOM
Range: $462,000 – $685,000
Condos
1 Bedroom: Average Net Sale Price: $320,133 after 51 DOM
1 Bedroom w/Den: Average Net Sale Price: $388,583 after 59 DOM
2 Bedroom: Average Net Sale Price: $515,268 after 8 DOM
Overall, 22201 doubled the number of properties sold last year, and saw a drop by about 54% in the length of time a property was on the market before it sold.