DC's Top 10 Hottest Neighborhoods
These neighborhoods saw the greatest year-over-year increase in median sold prices last year. A few not so surprising places like Congress Heights and Deanwood, but also a rising star in Glover Park.
1. Congress Heights – 36.3%
2. Mass Ave Heights – 29.1%
3. Glover Park – 22.4%
4. Crestwood – 19.4%
5. Deanwood – 16.7%
6. Ledroit Park – 16.4%
7. Randle Heights – 16.2%
8. North Cleveland Park – 14.2%
9. Forest Hills – 13.1%
10. Marchall Heights – 12.6%
*Honorable Mention – Southwest Waterfront, Capitol Hill, Fort Dupont Park, Riggs Park, Lily Ponds
DC’s Top 5 Not-So-Hot Neighborhoods
Unlike the neighborhoods above, these areas experienced a decrease in median sold prices last year when compared to 2016.
1. Barry Farms – -37.1%
2. Wesley Heights - -32.5%
3. Observatory Circle - -17.1%
4. Colonial Village - -13.4%
5. Fort Lincoln - -6.7%
DC Top 10 Sellers Markets
These neighborhoods commanded top dollar, as homes on average sold above list price. Sellers were getting what they wanted, as buyers often found themselves competing with other buyers. Here’s the list of neighborhoods with the highest average sold price (SP) to original list price (OLP) ratio.
1. North Cleveland Park – 104.24%
2. Lily Ponds – 101.39%
3. Burleith – 100.83%
4. American University Park – 100.75%
5. Glover Park – 100.72%
6. Chevy Chase – 100.56%
7. Brookland – 100.42%
8. Mount Pleasant – 100.34%
9. Ledroit Park – 99.76%
10. Crestwood – 99.73%
DC Top 10 Buyers Markets
Unlike the seller’s markets noted above, these neighborhoods were a bit more buyer-friendly. With the average home selling below list price, buyers found themselves in a better position to negotiate.
1. Barry Farms – 93.76%
2. Spring Valley – 94.41%
3. Georgetown – 94.98%
4. Berkley – 95.05%
5. Wesley Heights – 95.7%
DC’s Top 10 Most Expensivest Neighborhoods
You are going to need to open up your wallet to purchase in these neighborhoods, where the median sold price was highest in 2017.
1. Mass Ave Heights - $2.35M
2. Spring Valley - $1.65M
3. Berkley – 1.56M
4. Kent - $1.45M
5. Georgetown - $1.267M
6. Burleith - $1.179M
7. North Cleveland Park - $1.1M
8. Crestwood - $1.075M
9. American University Park - $996k
10. Capitol Hill - $970k
*Honorable Mention – Chevy Chase, Foxhall, Colonial Village, and Shepherd Park
