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The Washington, DC housing market shows moderate competition. On average, homes receive two offers and typically sell within 46 days. Last month, the median sale price reached $711K, marking a 3.0% increase year-over-year. Meanwhile, the median price per square foot declined slightly to $528, down 0.75% from the previous year.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
In May 2025, the Washington, DC housing market experienced a 3.0% year-over-year increase in median home prices, reaching $711K, reflecting continued demand despite shifting market dynamics. However, homes are taking longer to sell—averaging 46 days on the market compared to 37 days the previous year—signaling a potential softening in buyer urgency or increased inventory. Additionally, the number of homes sold declined to 571 from 693 year-over-year, indicating a slowdown in transaction volume that could suggest growing buyer hesitancy, affordability constraints, or seasonal factors at play.
Washington, DC remains moderately competitive, with typical homes selling for about 1% below list price and going pending in approximately 46 days. While the average property takes time to move, some listings—especially well-priced or desirable homes—can attract multiple offers and go pending in as little as 18 days, often at or near asking price. This split suggests a market where standout properties still see strong demand, while others may require more time and pricing flexibility to sell.
Washington, DC is a buyer's market in May 2025, meaning the supply of homes exceeds current demand. This environment gives buyers more negotiating power, often resulting in price flexibility, seller concessions, and longer time on market for listings. Inventory levels are relatively high, and homes are taking longer to sell—averaging 46 days—compared to 37 days a year ago. Additionally, the drop in closed sales from 693 to 571 year-over-year suggests tempered buyer activity, possibly influenced by affordability challenges or economic uncertainty. For buyers, this presents an opportunity to explore more options, negotiate better terms, and avoid bidding wars common in hotter markets.
If you’re considering buying in DC and want expert guidance or a list of properties that match your goals, contact us today to schedule a personalized consultation or showing.
Washington, DC is highly segmented by neighborhood, each with its own character, price point, and growth trajectory. From the historic charm of Capitol Hill to the luxury condos in West End or the up-and-coming areas like Brookland and Congress Heights, understanding the vibe, walkability, school ratings, and future development plans of each area is essential before committing.
DC has strict zoning laws and historic preservation rules, especially in areas like Georgetown or Dupont Circle. Buyers must be aware of restrictions that may limit renovations, expansions, or usage types. It's crucial to check property entitlements, especially for multi-family, short-term rentals, or mixed-use developments.
As of May 2025, DC is in a buyer’s market, meaning more inventory than demand. This creates an advantage for buyers, allowing more room for negotiation. Still, competitive pockets remain where well-priced homes go fast. Working with a local expert helps you recognize when to act quickly or when to push for better terms.
DC’s traffic congestion and reliance on public transit make commute times a major consideration. Properties near Metro lines (especially Red, Blue, and Green lines), major bus routes, or bike lanes tend to hold value and attract consistent interest, especially among young professionals and federal employees.
DC has its own property tax structure, which differs from nearby Maryland and Virginia. Buyers should factor in annual taxes, condo fees (if applicable), and any special assessments for properties in certain districts. These recurring costs can significantly affect long-term affordability.
Look into ongoing and planned infrastructure or redevelopment projects nearby, such as the RFK Stadium site, Buzzard Point, or areas near the new Amazon HQ2 just outside the city. These can signal future property appreciation or lifestyle upgrades. Buying in growth corridors can offer strong long-term value.
Whether you're exploring the Washington, DC market, have specific questions, or are ready to find your ideal property, our team is here to help. With in-depth knowledge of the area and a commitment to your needs, we can guide you through each step of the process. Reach out now to get started on your journey to finding a home in the nation's capital!
Explore the best of Washington, DC! Our neighborhood guide is your key to discovering DC’s unique communities, from vibrant hotspots to quiet residential areas. Dive in to learn about local amenities, schools, dining, and more to help you find the neighborhood that feels like home. Start browsing now and see what makes Washington, DC such a dynamic place to live!