The median sale price in the D.C.-metro was $585,000 in the month of August, according to Greater Capital Area Association of Realtors data.
Half a million dollars is a lot of money, but it doesn't guarantee DMV buyers a lot of house, Paige writes.
Why it matters: The D.C. metro's housing market is still on fire thanks to historically low interest rates, low inventory, and high asking prices.
- Buyers have to be very competitive, and usually have to put in multiple offers before winning a bid.
What's happening: We compared listings for around $600,000 in six different local neighborhoods.
Unsurprisingly, we found that distance from D.C. closely correlates with square footage.
1120 Rhode Island Ave NW Apt 1 - $519,000
Logan Circle | 2 bed, 1 bath | 745 square feet
Features: Condo in a converted Victorian mansion with a den; wood floors; kitchen with marble counters and stainless steel appliances; washer/dryer in unit.
- Listing agent: Listed by Maxwell Rabin, TTR Sotheby's International Realty.
5043 9th St S - $535,000
Arlington | 2 bed, 3 bath | 1,332
Features: Three-level, end unit townhome with hardwood floors in the living and dining rooms; stainless steel appliances and granite countertops in the kitchen; fireplace.
- Listing agent: Laree Miller, KW Metro Center.
5101 Connecticut Ave NW #4 - $549,900
Chevy Chase | 1 bed, 1 bath | 820 square feet
Features: Brand new condo in a luxury boutique building that includes waterfall quartz countertops and top-end appliances in the gourmet kitchen; floor-to-ceiling windows; wide-plank hardwood floors.
- Listing agent: Samer Kuraishi, The ONE Street Company.
1514 17th St NW #305/303 - $599,000
Dupont Circle | 2 bed, 2 bath | 1,036 square feet
Features: The Copley Plaza co-op has hardwood floors; 10-foot ceilings; walk-in closet, gourmet kitchen with updated quartz countertops and stainless steel appliances; renovated guest bathroom.
- Listing agent: Hans Wydler, Compass.
516 Redland Blvd - $599,900
Rockville | 3 beds, 4 baths | 1,968 square feet
Features: The home has two full and two half baths with a two-car garage; hardwood flooring on the main level; stainless steel appliances and granite countertops in the eat-in kitchen; free shuttle to Metro.
- Listing agent: Rex Thomas, Samson Properties
11335 Drumsheugh Lane - $599,990
Upper Marlboro | 4 bed, 4 bath | 2,870 square feet
Features: All-brick colonial home with marble flooring in the two-level foyer; sauna; heated pool; stone kitchen flooring; two fireplaces; finished basement with a wet bar and a full bath.
- Listing agent: Kimberly Trimble, Trademark Realty, Inc.
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