Market Review
Home prices in our region demonstrated continued growth through the first half of 2025
Home prices across the Washington, DC metropolitan area demonstrated continued growth through the first half of 2025, though at a more measured pace as inventory levels climb. The median sold price reached $650,000 in June, representing a 1.6% year-over-year increase—the most modest annual gain recorded in two years. Active listings increased substantially, rising 41.2% compared to the same period in 2024. While regional inventory remains below 2019 levels, supply has exceeded pre-pandemic benchmarks in Arlington, Alexandria, and the
District of Columbia. New listing activity has decelerated; June recorded 5,259 new listings— just 0.9% above the previous year, with a notable 12.2% decline between May and June.
The combination of elevated mortgage rates, premium pricing, and economic uncertainty has shifted market dynamics in favor of buyers, who now possess enhanced negotiating leverage. We anticipate continued moderation in sales activity through the summer months, with price growth slowing and potential year-over-year declines in select local markets.
Closed sales were higher this June than a year ago, but that year-over-year gain primarily reflects the slow market in June 2024 when mortgage rates had reached 7%. Sales activity is most robust in the close-in Virginia suburbs with slower activity in Maryland, which may be feeling the impact of DOGE-related federal job reductions. The ultra-high-end segment continues to demonstrate exceptional strength, with sales exceeding $5 million increasing over 6910 Blaisdell Road, Bethesda, MD
PREFACE 2025 MID YEAR MARKET REVIEW
20% compared to the same period in 2024.
TTR Sotheby’s International Realty maintains its commanding position in this critical market segment.
Interest rate expectations have stabilized, with projections indicating rates will remain relatively flat through year-end, absent significant economic developments.
TTR Sotheby’s International Realty leverages the unparalleled strength of our global brand, sophisticated marketing strategies, and extensive regional and international network to navigate clients through today’s dynamic market conditions. Whether pursuing opportunities in the Washington region or beyond, our commitment remains unwavering: delivering exceptional service and unmatched market expertise to every client we serve.
4414 W Street NW, Phillips Park, DC
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SINGLE FAMILY HOMES
WASHINGTON DC
NORTHWEST
DOWNTOWN / NE
VIRGINIA
NORTHERN VA
HORSE & WINE COUNTRY
MARYLAND
MONTGOMERY COUNTY
CHESAPEAKE BAY REGION
CONDO & CO-OP
WASHINGTON DC
VIRGINIA
MARYLAND
$3,950,000 Median Sold Price 32%
CLEVELAND PARK $1,674,900 Median Sold Price 12%
13 Homes Sold 48%
Avg. Days on Market 41%
CHEVY CHASE (DC)
$1,432,500
Median Sold Price 5%
72 Homes Sold 15% 18 Avg. Days on Market 50%
MASS. AVE HEIGHTS
$4,400,000
Median Sold Price 3%
5 Homes Sold 67% 28 Avg. Days on Market 300%
FOREST HILLS
$2,392,500
Median Sold Price 14%
14 Homes Sold 18% 22 Avg. Days on Market 53%
MOUNT PLEASANT
$1,690,000
Median Sold Price 9%
17
$1,400,000
Median Sold Price 18%
30 Homes Sold 17% 14 Avg. Days on Market 17%
$2,350,000
Median Sold Price 16%
71 Homes Sold 13% 42 Avg. Days on Market 20%
$1,475,000
Median Sold Price 2%
31 Homes Sold 6% 13 Avg. Days on Market 54%
$2,454,000
Median Sold Price 17%
16 Homes Sold 45% 41 Avg. Days on Market 52%
WESLEY HEIGHTS
$2,180,000
Median Sold Price 34%
15 Homes Sold 7% 26 Avg. Days on Market 38%
PALISADES
$2,062,500
Median Sold Price 20%
20 Homes Sold 0%
$1,925,000
Median Sold Price 18%
10 Homes Sold 0% 22 Avg. Days on Market 10%
$1,850,000
Median Sold Price 19%
37 Homes Sold 106% 49 Avg. Days on Market 4%
$985,000
Median Sold Price 10%
14 Homes Sold 22% 24 Avg. Days on Market 47%
CAPITOL HILL
$1,150,000
Median Sold Price 2%
183 Homes Sold 5% 28 Avg. Days on Market 0%
BLOOMINGDALE / LEDROIT PARK
$1,095,000
Median Sold Price 7%
31 Homes Sold 15% 53 Avg. Days on Market 130%
PETWORTH
$805,000
Median Sold Price 3%
98 Homes Sold 15% 43 Avg. Days on Market
CITY OF ALEXANDRIA
$952,500
Median Sold Price 1%
510 Homes Sold 2% 15 Avg. Days on Market 0%
ALEXANDRIA
$765,000
Median Sold Price 4%
812 Homes Sold 3%
(FAIRFAX COUNTY) ARLINGTON
18 Avg. Days on Market 6%
$1,225,000
Median Sold Price 2%
570 Homes Sold 7%
19 Avg. Days on Market 5%
MCLEAN (22101)
$1,767,500
Median Sold Price 7%
190 Homes Sold 5% 32 Avg. Days on Market 20%
MCLEAN (22102)
$2,021,500
Median Sold Price 4%
64 Homes Sold 2% 43 Avg. Days on Market 30%
GREAT FALLS
$1,550,000
Median Sold Price 7%
102 Homes Sold 3% 21 Avg. Days on Market 36%
$973,150
Median Sold Price 6%
344 Homes Sold 8% 17 Avg. Days on Market 6%
$1,322,500
Median Sold Price 10%
366 Homes Sold 9% 19 Avg. Days on Market 6%
$761,250
Median Sold Price 2%
306 Homes Sold 2%
13 Avg. Days on Market 30%
$1,050,000
Median Sold Price 28%
29 Homes Sold 61% 96 Avg. Days on Market 28%
$1,630,000
Median Sold Price 59%
15 Homes Sold 36% 131 Avg. Days on Market 7%
THE PLAINS MARSHALL
$711,988
Median Sold Price 17%
46 Homes Sold 6% 33 Avg. Days on Market 21%
$1,100,000
Median Sold Price 90%
6 Homes Sold 100% 47 Avg. Days on Market 75%
PURCELLVILLE
$850,000
Median Sold Price 3%
114 Homes Sold 28% 18 Avg. Days on Market 6%
WARRENTON
$710,000
Median Sold Price 8%
197 Homes Sold 9% 25 Avg. Days on Market 25%
BETHESDA
$1,565,000
Median Sold Price 4%
341 Homes Sold 7% 22 Avg. Days on Market 5%
CHEVY CHASE (MD)
$1,765,000
Median Sold Price 5%
105 Homes Sold 18% 29 Avg. Days on Market 12%
POTOMAC
$1,390,000
Median Sold Price 3%
231 Homes Sold 2%
$947,700
Median Sold Price 4%
75 Homes Sold 20% 13 Avg. Days on Market 43%
GAITHERSBURG
$614,500
Median Sold Price 44%
395 Homes Sold 10% 22 Avg. Days on Market 69%
$650,000
Median Sold Price 5%
696 Homes Sold 7% 21 Avg. Days on Market 40%
SILVER SPRING
$700,000
Median Sold Price 11%
484 Homes Sold 4% 24 Avg. Days on Market 4%
SEVERNA PARK
$740,000
Median Sold Price 3%
121 Homes Sold 11% 19 Avg. Days on Market 12%
EDGEWATER
$575,000
Median Sold Price 3%
136 Homes Sold 1% 36 Avg. Days on Market 38%
STEVENSVILLE
$580,000
Median Sold Price 6%
79 Homes Sold 19% 43 Avg. Days on Market 5%
EASTON
$460,000
Median Sold Price 4%
141 Homes Sold 1% 55 Avg. Days on Market 96%
SAINT MICHAELS
$880,000
Median Sold Price 24%
25 Homes Sold 26% 11 Avg. Days on Market 69%
$482,500
Median Sold Price 3%
138 Units Sold 6% 45 Avg. Days on Market 15%
$434,000 Units Sold Price 6%
128 Homes Sold 6%
Avg. Days on Market 16%
$725,250
Median Sold Price 7% 70 Units Sold 17%
$1,082,500
Median Sold Price 50%
18 Units Sold 40% 25 Avg. Days on Market 56%
$520,000 Units Sold Price 11%
63 Homes Sold 34% 41 Avg. Days on Market 5%
CAPITOL HILL PETWORTH
$419,000
Median Sold Price 2%
46 Units Sold 21% 80 Avg. Days on Market 33%
NAVY YARD
$580,450
Median Sold Price 3%
12 Units Sold 33% 65 Avg. Days on Market 63%
THE WHARF
$1,810,000 Units Sold Price 52%
15 Homes Sold 36%
FOGGY BOTTOM / WEST END
$499,000
Median Sold Price 5%
95 Units Sold 25%
$879,000
Median Sold Price 12%
31 Units Sold 44% 46 Avg. Days on Market 8%
KALORAMA
$670,000 Units Sold Price 8%
52 Homes Sold 2% 53 Avg. Days on Market 71%
$637,500
Median Sold Price 5%
6 Units Sold 45% 37 Avg. Days on Market 10%
ARLINGTON
$446,900
Median Sold Price 6%
593 Units Sold 9% 29 Avg. Days on Market 7%
MCLEAN
$470,000 Units Sold Price 12%
125 Homes Sold 23% 43 Avg. Days on Market 39%
FALLS CHURCH
$330,000
Median Sold Price 4%
203 Units Sold 10% 25 Avg. Days on Market 32%
ALEXANDRIA CITY
$405,000
Median Sold Price 3%
505 Units Sold 5% 26 Avg. Days on Market 37%
ALEXANDRIA (FAIRFAX COUNTY)
$348,500 Units Sold Price 6%
254 Homes Sold 2% 31 Avg. Days on Market 94%
$429,904
Median Sold Price 1%
194 Units Sold 12% 16 Avg. Days on Market 45%
$352,500
Median Sold Price 1%
142 Units Sold 13% 28 Avg. Days on Market 22%
CHEVY CHASE (MD)
$531,250 Units Sold Price 43%
74 Homes Sold 11%
Avg. Days on Market 20%
$275,000
Median Sold Price 11%
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14%
SILVER SPRING
