Is Washington, DC a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Washington is a buyer's market


Difference Since November 2022

Since last year, Washington has remained a Buyer's Market.

Key Takeaway

Washington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Washington, DC

How much do homes in Washington, DC cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Washington have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Washington was $666,458 in November 2023, down 0.9% from last year, and the median price per square foot was $512.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $388K$388.4K
2 $628.1K$624.3K
3 $773.8K$733.4K
4 $1.0M$1.0M
5+ $1.7M$1.6M

Summary: Washington housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 3.7%.

Median Sold Price Compared To Nearby Cities

Mount Rainier

Housing Supply in Washington, DC

How many homes are available in Washington, DC?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Washington real estate market had 6,725 homes for sale in November 2023, a 1.6% increase compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 1,2351,246
2 1,8941,939
3 1,7751,799
4 1,0391,050
5+ 674691

Summary: The Washington housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 2.5%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

193 Homes Were Sold
Under Asking

109 Homes Were Sold
At Asking

95 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.

Summary: A total of 397 homes were sold or pending in Washington in November 2023, down by 10.4% month-over-month. Of the 397 sold homes, 49% were sold under asking, 27% were sold at asking, and 24% were sold over asking.

Days on Market for Washington, DC

How long does it take to sell a home in Washington, DC?

Average Sale Time

Nov 2022Nov 2023CHANGE
36 Days36 Days+1.8%

Summary: Homes in Washington had an average of 36 days on market in Nov 2023, up by 1.8% compared to last year.

Breakdown of Home Sale Times

247 Homes Were Sold
Under 30 Days

107 Homes Were Sold
In 30 - 90 Days

43 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Washington are selling fast, if you're buying plan to act quickly.

Summary: During November 2023, 397 homes were sold in Washington; 62% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Washington, DC

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What housing markets are near Washington, DC?

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