Late Fall Real Estate Market Capitol Hill
NOVEMBER 2020 Neighborhood Numbers are IN for the Capitol Hill Real Estate Market!
Fall heading into winter showed a more robust market than usual, with inventory up 1% overall from one year ago. Low mortgage rates continue to attract buyers to enter or stay in the market, while median sales prices inch upward.
In Washington DC…
- Sellers achieved 99.7% of list price (consistently hovering near 100% for recent months).
- The median price for a home sold in November is $682,500, up 10% from $617,720 one year ago.
Compare our Capitol Hill neighborhood with the rest of DC below:
A few highlights:
- Median sales prices in each zip code are higher than the DC median of $682,500, and up double digit percentage from one year ago.
- In 20002 neighborhood (NE CapHill) inventory is up 8% from a year ago, and low mortgage rates are driving solid sales prices just above list price.
- In 20003 neighborhood (SE CapHill), inventory shot up 35% from one year ago, with days on market only 19 and prices reflecting that competition, with a median sales price of $894,500.
Walkable, bike-able and neighborhood-friendly Capitol Hill remans a very desirable neighborhood for home buyers. If you are curious about the value of your home, or how to make the right strategic investments, contact us today!
202.243.7707
We continue to SAFELY and SMARTLY prepare homes for the market with our FULL SERVICE offerings. TALK TO US NOW about your 2021 real estate goals! Here’s a look at some of our current listings.