From $55,000 to $25 Million: The DC Area Housing Market in 2024

In 2024, the DC region saw 49,942 homes sold, a 2% increase from 2023. The median home price reached a record high of $605,000, with 53% of homes selling in 10 days or less. The most expensive home sold for $25 million, while the least expensive was $55,000. Homes sold in the area had a 100% sales price to list price ratio, and 19% were cash transactions. The median home price in DC proper rose 5% to $655,000.

Continue to full article

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *