New record high for DC median home sales price

The median price of a house or condominium sold in the district in November was $ 725,000, a new record ever.

house for sale sign
Home selling prices have reached an all-time high in DC (Photo by SAUL LOEB / AFP via Getty Images)

The median price of a house or condominium sold in the district in November was $ 725,000, a new record ever.

The Greater Capital Area Association of Realtors says the median price in DC had risen by 6.6% compared to November 2020. There were 854 closed sales in DC in November, an increase of 6.2% from the previous month.

The average time on the market for a DC listing sold in November was 28 days.

GCAAR’s more than 10,000 professional real estate members represent sales in both DC and Montgomery County.



In Montgomery County, the average selling price last month was $ 525,000. While not a record, it is up 7.1% from November 2020. Montgomery County’s median record for home sales prices was $ 558,750 in April.

There were 1,235 closed sales in Montgomery County in November, down 3.7% from October but 3.1% higher than a year ago. Average days on the market for a sale in Montgomery County last month were 21 days.

Nationwide, the typical home spent 47 days on the market in November.

“As temperatures begin to fall for the winter, the housing market continues to simmer,” said GCAAR President Jan Brito. “With an average of 24 days on the market, homes in our region are selling almost twice as fast as homes nationwide.”

There was a slowdown in new contracts signed to buy a house in November, with a 12.3% month-over-month decline in activity for new contracts.

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