The Downtown Washington housing market is somewhat competitive. The median sale price of a home in Downtown Washington was $560K last month, up 10.6% since last year. The median sale price per square foot in Downtown Washington is $645, up 3.8% since last year.
What is the housing market like in Downtown Washington today?
In October 2024, Downtown Washington home prices were up 10.6% compared to last year, selling for a median price of $560K. On average, homes in Downtown Washington sell after 69 days on the market compared to 71 days last year. There were 21 homes sold in October this year, down from 30 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$560,000
+10.6% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Downtown Washington, DC
$560,000
+10.6%
United States
To compare other locations to the Downtown Washington and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Washington, DC add value to a home.
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How hot is the Downtown Washington housing market?
Downtown Washington is somewhat competitive. Homes sell in 60 days.
0
100
32
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 60 days.
Hot homes
can sell for around list price and go pending in around 43 days.
Learn about schools in the Downtown Washington area
Elementary
Middle
High
GreatSchools Rating
7/10
Thomson Elementary School
Public • PreK-5
297
Students
14 reviews
4/10
Walker-Jones Education Campus
Public • PreK-8
389
Students
4 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Washington housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Washington.
Flood Factor - Minor
35% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Washington has a minor risk of flooding. 126 properties in Downtown Washington are likely to be
severely affected
by flooding over the next 30 years. This represents 35% of all properties in Downtown Washington. Flood risk is increasing slower than the national average.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Washington has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Washington is most at risk from hurricanes. 733 properties in Downtown Washington have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 61 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 74 mph.
100% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Downtown Washington has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Downtown Washington have a Severe Heat Factor®.
Downtown Washington is expected to see a 128% increase in the number of days over 104ºF over the next 30 years. Downtown Washington is expected to experience 8