Washington DC Real Estate Prices Up Nearly 5 Percent in July

Fueled by the 2nd largest sale EVER in DC (according to MRIS data), Washington DC median sales price is up 4.7% to $445,000. A total of 595 properties sold in July, of which 9% were either foreclosures or short sales. Average days on the market in the entire district was 69, and on average, properties are selling for 94.1% of the Original List Price. Remember, these statistics below are not separated by quadrant or condo/coop.

Single Family, Detached
Average Sale Price: $797,680 after 56 days*
Range: $44,500 – $6,500,000
Average sale price does NOT include the Evermay sale at $22M as it artificially inflated the price

Average Sale Price: $586,048 after 65 days
Range: $28,900 – $2,285,000

1 Bedroom, 1 Bathroom Condo/Coop
Average Sale Price: $302,975 after 77
Range: $24,000 – $698,500

2 Bedroom, 2 Bathroom Condo/Coop
Average Sale Price: $596,080 after 88 days
Range: $196,000 – $2,325,000