2022 was a tale of two halves. We started the year in a low mortgage rate environment that was incredibly competitive for buyers. Our local market began with less active inventory than we had seen in decades. The end of the Spring market came with increased mortgage rates that pulled back demand. We saw our region’s average sale price peak in the second quarter of the year. Sellers were once reluctant to sell locally in an effort to avoid the high competition on the buying side. Once the sharp increase in mortgage rates arrived, sellers were then reluctant to give up their historically low, fixed mortgage rates on their current homes. This kept supply low even though demand was cooling, which in turn stabilized prices.
2 02 2 Y E A R E N D M A R KE T RE P O RT A SNAPSHOT OF THE DC METRO AREA RESIDENTIAL REAL ESTATE MARKET Across and Above: 1825 N. Quesada | Arlington, VA
2022 Year End Market Report
Ultimately, the Greater Washington D.C. Metro housing market finished the year with an average appreciation of 6.82%. While we had less units sold for the year, the final count was within a couple percent of the ten-year average. Mortgage rates will continue to be the most influential factor in supply and demand in the coming year.
WASHI N GTON , DC 2021
2022
%
97
75
-23%
$1,486,689
$1,525,731
3%
AVG. DAYS ON MKT.
12
16
33%
UNITS SOLD
67
58
-13%
$1,160,200
$1,198,849
3%
AVG. DAYS ON MKT.
18
20
11%
UNITS SOLD
257
178
-31%
UNITS SOLD
AMERICAN UNIVERSITY
BLOOMINGDALE
5223 Western Ave NW American University | $1,685,000 BROOKLAND
CAPITOL HILL
CHEVY CHASE
6915 32nd St NW Hawthorne | $1,875,000
CLEVELAND PARK
COLUMBIA HEIGHTS
DUPONT
3014 South Dakota Ave NE Woodridge | $1,299,500
GEORGETOWN
GLOVER PARK
AVG. SOLD PRICE
AVG. SOLD PRICE
AVG. SOLD PRICE
$787,70
$822,89
4%
AVG. DAYS ON MKT.
16
20
25%
UNITS SOLD
508
385
-24%
$1,212,812
$1,244,488
3%
AVG. DAYS ON MKT.
19
20
5%
UNITS SOLD
200
153
-24%
$1,439,777
$1,502,986
4%
AVG. DAYS ON MKT.
10
10
0%
UNITS SOLD
50
46
-8%
AVG. SOLD PRICE
AVG. SOLD PRICE
AVG. SOLD PRICE
$2,301,890
$2,441,457
6%
AVG. DAYS ON MKT.
18
12
-33%
UNITS SOLD
219
167
-24%
AVG. SOLD PRICE
$940,88
$977,31
4%
AVG. DAYS ON MKT.
17
19
12%
UNITS SOLD
64
50
-22%
$1,810,711
$1,857,610
3%
AVG. DAYS ON MKT.
33
36
9%
UNITS SOLD
196
141
-28%
AVG. SOLD PRICE
AVG. SOLD PRICE
$2,174,204
$2,567,555
18%
AVG. DAYS ON MKT.
44
35
-20%
UNITS SOLD
70
39
-44%
$1,186,630
$1,369,392
15%
8
14
75%
AVG. SOLD PRICE AVG. DAYS ON MKT.
2022 Year End Market Report
SINGLE FAMILY HOME & TOWNHOME SALES
AVG. SOLD PRICE
$1,810,711
$1,857,610
3%
33
36
9%
196
141
-28%
$2,174,204
$2,567,555
18%
AVG. DAYS ON MKT.
2021
44
2022
35
%
UNITS SOLD
97 70
75 39
-23% -44%
$1,486,689 $1,186,630
$1,525,731 $1,369,392
3% 15%
AVG. DAYS ON MKT.
12 8
16 14
33% 75%
UNITS SOLD
67 35
58 23
-13% -34%
AVG. DAYS ON MKT.
WAS HI NGTO N , D C
UNITS SOLD
AVG. SOLD PRICE SINGLE FAMILY HOME & TOWNHOME SALES GEORGETOWN
AMERICAN GLOVER PARK UNIVERSITY
BLOOMINGDALE KALORAMA
BROOKLAND LEDROIT PARK
CAPITOL HILL LOGAN
CHEVY CHASE MOUNT PLEASANT
CLEVELAND PARK PALISADES
COLUMBIA PETWORTH HEIGHTS
DUPONT SHAW
GEORGETOWN SPRING VALLEY
GLOVER PARK
AVG. SOLD PRICE
AVG. SOLD PRICE
-20%
$1,160,200 $3,196,744
$1,198,849 $2,564,739
3% -20%
AVG. DAYS ON MKT.
18 66
20
11% -70%
UNITS SOLD
257 52
178 39
-31% -25%
AVG. SOLD PRICE
$787,70 $1,012,623
$822,89 $1,050,506
4%
AVG. DAYS ON MKT.
16 20
20 26
25% 30%
UNITS SOLD
508 40
385 37
-24% -8%
$1,212,812 $1,863,894
$1,244,488 $1,744,270
3% -6%
AVG. DAYS ON MKT.
19 34
20 18
5% -46%
UNITS SOLD
200 73
153 64
-24% -12%
AVG. SOLD PRICE
AVG. SOLD PRICE
$1,439,777 $1,368,337
$1,502,986 $1,438,440
4% 5%
AVG. DAYS ON MKT.
10 7
10 14
0% 100%
UNITS SOLD
50 53
46 40
-8% -25%
$2,301,890 $1,621,406
$2,441,457 $1,896,181
6% 17%
AVG. DAYS ON MKT.
18 21
12 14
-33%
UNITS SOLD
219 315
167 236
-24% -25%
$940,88 $842,62
$977,31 $872,31
4%
AVG. DAYS ON MKT.
17 15
19 25
12% 67%
UNITS SOLD
64 91
50 55
-22% -40%
$1,810,711 $1,182,885
$1,857,610 $1,192,677
3% 1%
AVG. DAYS ON MKT.
33 14
36 21
9% 50%
UNITS SOLD
196 49
141 36
-28% -27%
AVG. SOLD PRICE
AVG. SOLD PRICE
AVG. SOLD PRICE
AVG. SOLD PRICE
$2,174,204 $2,199,877
$2,567,555 $2,512,640
18% 14%
AVG. DAYS ON MKT.
44 10
35 22
-20% 120%
UNITS SOLD
70
39
-44%
$1,186,630
$1,369,392
15%
AVG. SOLD PRICE AVG. DAYS ON MKT.
2803 26th St NE Woodridge | $1,030,000
6805 5th St NW Brightwood | $1,250,000
2010 Plymouth St NW Colonial Village | $1,801,000
2022 Year End Market Report
DUPONT
M O N TG O M E RY CO U NTY, M D & P RINCE GEO RGE’ S COUN TY, MD
4125 Warner Street Kensington | $1,670,000
13580 Stonebarn Lane Potomac | $1,900,000
5721 Kingswood Road Bethesda | $2,100,000
9225 Aldershot Drive Bethesda | $1,445,000
5303 Elliott Road Bethesda | $2,060,000
7607 Winterberry Place Bethesda | $1,705,000
2022 Year End Market Report
SINGLE FAMILY HOME & TOWNHOME SALES
NO RTH E RN VIRGINIA
1864 Kirby Road McLean | $1,729,000
1006 Springvale Road Great Falls | $1,460,000
6223 McConnell Lane Springfield | $1,429,910
6716 Danforth Street McLean | $1,780,000
11710 Waples Mill Road Oakton | $1,200,000
3047 N. Harrison Street Arlington | $1,701,000
2022 Year End Market Report
SINGLE FAMILY HOME & TOWNHOME SALES
CO ND O & CO - O P SALE S * WASHINGTON, DC
730 Quebec Pl NW #2 Columbia Heights, DC | $1,035,500
* Average Days On Market is for all sales (attached and detached homes).
2022 Year End Market Report
1111 23rd St NW #8C West End | $1,650,000
CO ND O & CO - O P SALE S *
MARYLAND
147 Waterfront St #301 National Harbor | $1,750,000
1000 N Randolph St #801 Arlington | $830,000
* Average Days On Market is for all sales (attached and detached homes).
2022 Year End Market Report
NORTHERN VIRGINIA
PRESENTED BY
Andrés A. Serafini REALTOR® | NEIGHBOR c: 240.418.8899 • o: 301.652.0643 Andres@TWGRealtors.com www.TWGRealtors.com Licensed in MD, DC & VA RE License #:627230 (MD) | SP98374775 (DC) 0225233342 (VA)
Real Estate is hyper-local and an
A L O C A L LY O W N E D A N D O P E R AT E D F R A N C H I S E
expert in the field can identify trends
ARLINGTON
before national or local media.
CHEVY CHASE GEORGETOWN
area that is not listed on this report, or need real estate advice in general, please reach out directly to me.
LOGAN CIRCLE H STREET PARK POTOMAC PRINCE GEORGE’S
Source: BrightMLS 1/1/2021-12/31/2022. All material presented is intended for information purposes only. This material is based on information that we consider reliable, but we do not represent that it is accurate or complete and it should not be relied upon as such. If your property is currently listed with another real estate broker, please disregard our marketing efforts. It is not our intention to solicit.
2022 Year End Market Report
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