Year-End Market Report 2022 Hagen Bergstrom
Hagen Bergstrom
©2023 Hagen Bergstrom Team, Coldwell Banker Realty. All rights reserved. All data sourced from Bright MLS. Data deemed reliable but not guaranteed.
Contents SINGLE FAMILY HOMES 4 Washington, DC 5 Montgomery County, Maryland ........................................................................................................... 9 Northern Virginia 13 CONDOMINIUMS ...................................................................................................... 16 Washington, DC 17 CO-OPS 20 Washington, DC 21
Single Family Homes
Washington, DC
MARKET SUMMARY | SINGLE FAMILY HOMES
5 YEAR-END MARKET REPORT HAGEN-BERGSTROM
2022 2021 YoY% Change Active Listings* 649 793 18.2% Average List Price $1,246,998 $1,396,107 10.7% Average Days on Market 73 108 32.4% Median List Price $799,000 $799,999 0.1% Median Days on Market 38 64 40.6% Months of Supply* 2 1 47.1% 2022 2021 YoY% Change New Listings* 6199 6619 6.3% Average List Price $1,122,755 $1,108,270 1.3% Average Days on Market 33 29 13.8% Median List Price $869,000 $879,000 1.1% Median Days on Market 16 9 77.8% 2022 2021 YoY% Change Sold Listings* 1205 1648 26.9% Average List Price $1,192,589 $1,118,768 6.6% Average Sales Price $1,213,947 $1,128,101 7.6% Sold/List Price Ratio 101% 101% 0.7% Average Days on Market 20 18 11.1% Median List Price $1,049,000 $975,000 7.6% Median Sales Price $1,066,000 $993,000 7.4% Median Days on Market 7 7 0.0% Active Listings New Listings Sold Listings *As of Dec 31, 2022.
AREA SNAPSHOT | SINGLE FAMILY HOMES
*Percentages are year-over-year changes from 2021 to 2022
6 YEAR-END MARKET REPORT HAGEN-BERGSTROM
Washington, DC
Kalorama Forest Hills Cleveland Park Glover Park Chevy Chase American University Park Burleith $2,325,000 Median Sales Price 17.7% 24 Homes Sold 31.4% 19 Average days on market 71.2% $1,750,000 Median Sales Price 38.8% 41 Homes Sold 24.2% 13 Average days on market 50.0% Georgetown $2,000,000 Median Sales Price 15.3% 142 Homes Sold 28.3% 35 Average days on market 25.5% $1,792,500 Median Sales Price 7.8% 64 Homes Sold 13.5% 13 Average days on market 13.3% Mount Pleasant $1,390,000 Median Sales Price 1.1% 66 Homes Sold 9.6% 14 Average days on market 100.0% $1,355,000 Median Sales Price 17.1% 40 Homes Sold 42.9% 15 Average days on market 87.5% $1,500,000 Median Sales Price 7.5% 216 Homes Sold 31.4% 13 Average days on market 0.0% $1,475,000 Median Sales Price 9.3% 75 Homes Sold 22.7% 16 Average days on market 77.8% $1,462,500 Median Sales Price 17.0% 28 Homes Sold 28.2% 14 Average days on market 6.7%
Washington, DC
AREA SNAPSHOT | SINGLE FAMILY HOMES
*Percentages are year-over-year changes from 2021 to 2022
7 YEAR-END MARKET REPORT HAGEN-BERGSTROM
$1,980,000 Median Sales Price 11.57% 42 Homes Sold 17.6% 20 Average days on market 100.0% $1,726,000 Median Sales Price 4.6% 31 Homes Sold 6.9% 18 Average days on market 48.6% $1,147,500 Median Sales Price 1.6% 389 Homes Sold 23.7% 20 Average days on market 5.3% $2,799,000 Median Sales Price 43.5% 31 Homes Sold 20.5% 70 Average days on market 141.4% $1,670,000 Median Sales Price 1.8% 37 Homes Sold 17.8% 39 Average days on market 39.3% $1,000,000 Median Sales Price 5.4% 10 Homes Sold 66.7% 11 Average days on market 15.4% $1,665,108 Median Sales Price 13.6% 43 Homes Sold 23.2% 14 Average days on market 30.0% $1,135,000 Median Sales Price 3.3% 59 Homes Sold 39.2% 21 Average days on market 50.0% $815,000 Median Sales Price 7.4% 13 Homes Sold 31.6% 29 Average days on market 52.6
Spring Valley Logan Circle Capitol Hill Wesley Heights Dupont Circle Navy Yard Palisades Shaw Foggy Bottom
8 YEAR-END MARKET REPORT HAGEN-BERGSTROM
Montgomery County, MD
MARKET SUMMARY | SINGLE FAMILY HOMES
Active Listings
New Listings
9 YEAR-END MARKET REPORT HAGEN-BERGSTROM
2022 2021 YoY% Change Active Listings* 510 701 27.2% Average List Price $1,167,494 $1,061,171 10.0% Average Days on Market 67 78 14.1% Median List Price $731,000 $660,000 10.8% Median Days on Market 34 39 12.8% Months of Supply* 0 0 28.6% 2022 2021 YoY% Change New Listings 10488 13068 19.7% Average List Price $833,486 $754,901 10.4% Average Days on Market 21 18 16.7% Median List Price $650,000 $599,900 8.4% Median Days on Market 8 7 14.3% 2022 2021 YoY% Change Sold Listings 8851 11751 24.7% Average List Price $794,104 $735,126 8.0% Average Sales Price $814,241 $751,874 8.3% Sold/List Price Ratio 102% 102% 0.2% Average Days on Market 16 15 6.7% Median List Price $639,000 $599,000 6.7% Median Sales Price $651,700 $610,000 6.8% Median Days on Market 7 7 0.0%
Sold Listings *As of Dec 31, 2022.
Montgomery County, MD
AREA SNAPSHOT | SINGLE FAMILY HOMES
10 YEAR-END MARKET REPORT HAGEN-BERGSTROM
$1,380,000 Median Sales Price 10.3% 841 Homes Sold 20.1% 16 Average days on market 5.9% $1,250,000 Median Sales Price 8.6% 568 Homes Sold 21.3% 17 Average days on market 22.7% $1,147,500 Median Sales Price 4.2% 1,078 Homes Sold 30.8% 18 Average days on market 20.0% $1,270,000 Median Sales Price 8.7% 68 Homes Sold 13.3% 20 Average days on market 35.5% $850,000 Median Sales Price 9.6% 199 Homes Sold 24.0% 10 Average days on market 16.7% $1,577,620 Median Sales Price 13.6% 236 Homes Sold 32.6% 17 Average days on market 19.0% $580,000 Median Sales Price 5.4% 1,869 Homes Sold 25.8% 16 Average days on market 23.1% Bethesda Potomac Rockville North Bethesda North Potomac Chevy Chase Silver Spring
11 YEAR-END MARKET REPORT HAGEN-BERGSTROM
12 YEAR-END MARKET REPORT HAGEN-BERGSTROM
Northern Virginia
MARKET SUMMARY | SINGLE FAMILY HOMES
Active Listings
New
13 YEAR-END MARKET REPORT HAGEN-BERGSTROM
2022 2021 YoY% Change Active Listings* 1403 1237 13.4% Average List Price $1,441,587 $1,427,552 1.0% Average Days on Market 74 100 26.0% Median List Price $869,585 $909,000 4.3% Median Days on Market 47 52 9.6% Months of Supply* 1 0 166.7% 2022 2021 YoY% Change New Listings 22715 28639 20.7% Average List Price $968,759 $843,756 14.8% Average Days on Market 22 18 22.2% Median List Price $775,000 $709,888 9.2% Median Days on Market 7 6 16.7% 2022 2021 YoY% Change Sold Listings 17873 25585 30.1% Average List Price $925,937 $805,777 14.9% Average Sales Price $897,701 $819,246 9.6% Sold/List Price Ratio 102% 102% 0.2% Average Days on Market 15 14 7.1% Median List Price $759,900 $699,900 8.6% Median Sales Price $775,000 $717,500 8.0% Median Days on Market 6 6 0.0%
*As of Dec 31, 2022.
Listings Sold Listings
SNAPSHOT | SINGLE FAMILY HOMES
14 YEAR-END MARKET REPORT HAGEN-BERGSTROM Northern
$735,000 Median Sales Price 5.0% 3,017 Homes Sold 27.8% 14 Average days on market 6.7% $835,000 Median Sales Price 5.7% 788 Homes Sold 29.2% 18 Average days on market 28.6% $669,000 Median Sales Price 12.4% 683 Homes Sold 25.0% 12 Average days on market 0.0% $1,689,500 Median Sales Price 12.6% 534 Homes Sold 30.2% 28 Average days on market 3.7% $1,555,000 Median Sales Price 10.0% 237 Homes Sold 31.3% 23 Average days on market 28.1% $1,066,000 Median Sales Price 7.4% 1,205 Homes Sold 26.9% 20 Average days on market 11.1% $1,050,000 Median Sales Price 10.1% 693 Homes Sold 31.5% 16 Average days on market 11.1% Alexandria Falls Church Reston McLean Great Falls Arlington Vienna
Virginia AREA
15 YEAR-END MARKET REPORT HAGEN-BERGSTROM
Condominiums
Washington, DC
MARKET SUMMARY | CONDOMINIUMS
Active Listings
New Listings
17 YEAR-END MARKET REPORT HAGEN-BERGSTROM
2022 2021 YoY% Change Active Listings* 713 1315 45.8% Average List Price $696,076 $645,012 7.9% Average Days on Market 63 98 35.7% Median List Price $519,000 $499,900 3.8% Median Days on Market 43 70 38.6% Months of Supply* 3 3 8.1% 2022 2021 YoY% Change New Listings 6972 8166 14.6% Average List Price $615,331 $591,379 4.1% Average Days on Market 40 45 11.1% Median List Price $529,900 $510,000 3.9% Median Days on Market 27 27 0.0% 2022 2021 YoY% Change Sold Listings 4041 5054 20.0% Average List Price $599,369 $584,082 2.6% Average Sales Price $595,640 $583,268 2.1% Sold/List Price Ratio 99% 100% 0.3% Average Days on Market 34 31 9.7% Median List Price $525,000 $514,995 1.9% Median Sales Price $520,000 $518,500 0.3% Median Days on Market 15 14 7.1%
Sold Listings *As of Dec 31, 2022.
Washington, DC
AREA SNAPSHOT | CONDOMINIUMS
*Percentages are year-over-year changes from 2021 to 2022
18 YEAR-END MARKET REPORT HAGEN-BERGSTROM
Kalorama Forest Hills Cleveland Park Glover Park Chevy Chase American University Park Welsey Heights $626,000 Median Sales Price 3.0% 104 Homes Sold 19.4% 25 Average days on market 13.8% $322,500 Median Sales Price 7.9% 54 Homes Sold 25.6% 53 Average days on market 60.6% Georgetown $641,500 Median Sales Price 6.4% 103 Homes Sold 13.2% 39 Average days on market 17.0% $393,700 Median Sales Price 0.3% 91 Homes Sold 24.2% 32 Average days on market 3.0% Mount Pleasant $621,875 Median Sales Price 16.8% 68 Homes Sold 30.6% 34 Average days on market 70.0% $395,000 Median Sales Price 17.2% 97 Homes Sold 7.6% 34 Average days on market 9.7% $476,000 Median Sales Price 14.8% 56 Homes Sold 21.7% 34 Average days on market 19.0% $490,000 Median Sales Price 6.2% 11 Homes Sold 8.3% 24 Average days on market 14.3% $463,917 Median Sales Price 21.3% 83 Homes Sold 18.6% 32 Average days on market 15.8%
AREA SNAPSHOT | CONDOMINIUMS
Foggy Bottom
*Percentages are year-over-year changes from 2021 to 2022
19 YEAR-END MARKET REPORT HAGEN-BERGSTROM
Washington, DC
Palisades Shaw Logan Circle Capitol Hill Dupont Circle $670,000 Median Sales Price 10.7% 112 Homes Sold 5.1% 27 Average days on market 25.0% $620,000 Median Sales Price 7.8% 197 Homes Sold 25.1% 21 Average days on market 22.2% $591,000 Median Sales Price 9.5% 134 Homes Sold 37.4% 27 Average days on market 22.9% $450,000 Median Sales Price 4.2% 181 Homes Sold 19.6% 30 Average days on market 6.2%
Penn Quarter $497,500 Median Sales Price 3.8% 50 Homes Sold 23.1% 51 Average days on market 34.2% Downtown Navy Yard $843,500 Median Sales Price 56.2% 8 Homes Sold 14.3% 66 Average days on market 153.8% $629,200 Median Sales Price 10.4% 44 Homes Sold 24.1% 33 Average days on market 73.7% $282,500 Median Sales Price 1.8% 57 Homes Sold 1.7% 49 Average days on market 2.0% $735,000 Median Sales Price 9.0% 107 Homes Sold 9.6% 47 Average days on market 20.3%
West End $274,000 Median Sales Price 5.5% 13 Homes Sold 55.2% 22 Average days on market 21.4%
Co-Ops
Washington, DC
MARKET SUMMARY | CO-OPS
21 YEAR-END MARKET REPORT HAGEN-BERGSTROM
2022 2021 YoY% Change Active Listings* 118 183 35.5% Average List Price $565,098 $521,928 8.3% Average Days on Market 104 163 36.2% Median List Price $299,975 $309,900 3.2% Median Days on Market 68 120 43.3% Months of Supply* 3 4 19.0% 2022 2021 YoY% Change New Listings 789 893 11.6% Average List Price $468,930 $471,771 0.6% Average Days on Market 54 73 26.0% Median List Price $349,000 $349,900 0.3% Median Days on Market 35 45 22.2% 2022 2021 YoY% Change Sold Listings 512 523 2.1% Average List Price $460,454 $471,588 2.4% Average Sales Price $451,581 $465,204 2.9% Sold/List Price Ratio 98% 98% 0.3% Average Days on Market 58 53 9.4% Median List Price $359,250 $389,000 7.6% Median Sales Price $354,950 $387,000 8.3% Median Days on Market 29 27 7.4%
Listings
Listings Sold Listings *As of Dec 31, 2022.
Active
New
Washington, DC
AREA SNAPSHOT | CO-OPS
*Percentages are year-over-year changes from 2021 to 2022
22 YEAR-END MARKET REPORT HAGEN-BERGSTROM
Kalorama Forest Hills Dupont Circle Navy Yard Cleveland Park Mount Pleasant Foggy Bottom $494,500 Median Sales Price 1.3% 18 Homes Sold 37.9% 30 Average days on market 42.3% $495,000 Median Sales Price 52.4% 10 Homes Sold 41.2% 18 Average days on market 64.7% $580,000 Median Sales Price 43.2% 18 Homes Sold 33.3% 21 Average days on market 34.4% $340,000 Median Sales Price 18.1% 42 Homes Sold 10.6% 38 Average days on market 22.6% $327,500 Median Sales Price 8.4% 76 Homes Sold 26.7% 98 Average days on market 27.3% $329,000 Median Sales Price 7.6% 16 Homes Sold 33.3% 27 Average days on market 3.6% $422,950 Median Sales Price 0.5% 32 Homes Sold 15.8% 43 Average days on market 12.2%
23 YEAR-END MARKET REPORT HAGEN-BERGSTROM
Hagen Bergstrom
24 YEAR-END MARKET REPORT HAGEN-BERGSTROM