The Chinatown / Mount Vernon Square / Penn Quarter housing market is somewhat competitive. The median sale price of a home in Chinatown / Mount Vernon Square / Penn Quarter was $492K last month, down 10.1% since last year. The median sale price per square foot in Chinatown / Mount Vernon Square / Penn Quarter is $609, down 7.7% since last year.
Chinatown / Mount Vernon Square / Penn Quarter Housing Market Trends
What is the housing market like in Chinatown / Mount Vernon Square / Penn Quarter today?
In May 2025, Chinatown / Mount Vernon Square / Penn Quarter home prices were down 10.1% compared to last year, selling for a median price of $492K. On average, homes in Chinatown / Mount Vernon Square / Penn Quarter sell after 55 days on the market compared to 47 days last year. There were 64 homes sold in May this year, up from 56 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$492,450
-10.1% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Chinatown / Mount Vernon Square / Penn Quarter, DC
$492,450
-10.1%
United States
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How hot is the Chinatown / Mount Vernon Square / Penn Quarter housing market?
Chinatown / Mount Vernon Square / Penn Quarter is somewhat competitive. Homes sell in 47 days.
0
100
50
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 3 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 47 days.
Hot homes
can sell for around list price and go pending in around 30 days.
Schools in Chinatown / Mount Vernon Square / Penn Quarter
Learn about schools in the Chinatown / Mount Vernon Square / Penn Quarter area
Elementary
Middle
High
GreatSchools Rating
5/10
Walker-Jones Education Campus
Public • PreK-8
337
Students
4 reviews
5/10
School-Within-School @ Goding
Public • PreK-5
326
Students
3 reviews
4/10
Thomson Elementary School
Public • PreK-5
247
Students
19 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 Chinatown / Mount Vernon Square / Penn Quarter housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Chinatown / Mount Vernon Square / Penn Quarter.
Flood Factor
We’re working on getting current and accurate flood risk information
Fire Factor
<1% of properties are at risk of wildfire over the next 30 years
Wind Factor
Chinatown / Mount Vernon Square / Penn Quarter has minimal risk of severe winds over the next 30 years
Heat Factor
We’re working on getting current and accurate heat risk information
Provided by First Street Foundation
More real estate resources for Chinatown / Mount Vernon Square / Penn Quarter
New Listings in Chinatown / Mount Vernon Square / Penn Quarter