Washington, DC

Buyer's market-8.2% YoY

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

Homes for sale in Washington

There are currently 2,383 homes listed for sale in Washington, District Of Columbia. The median listing price is $607K.

Active listings

2,383

Homes on market

Median list price

$607K

Avg. days on market

108

Days until sale

New this week

772

Newly listed

Price drops:16.0%of listings
Sale-to-list:98.0%

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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