Washington, DC
Housing market overview · Updated weekly
$594,500median sale price
Homes sold
403
Last 12 weeks
Days on market
108
Average pace
Active listings
2,383
5.9 months supply
Sale-to-list
98.0%
Below asking
The Washington housing market is currently classified as a buyer's market with a median sale price of $594,500. Prices have fallen 8.2% compared to last year, with homes spending an average of 108 days on market, indicating 5.9 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Frequently asked questions
What is the average home price in Washington?
The median home sale price in Washington is $594,500, down 8.2% from last year.
How long do homes stay on market in Washington?
Homes typically spend 108 days on market before going under contract.
Is Washington a buyer's or seller's market?
With 5.9 months of supply, Washington is currently a buyer's market.
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