Oct 8, 2021 - Real Estate

What $600k gets you in 6 DMV neighborhoods

The outside of a white Victorian home that's been converted into condos with a tree out front.

Exterior shot of 1120 Rhode Island Ave. NW. Photo courtesy of Sean Shanahan

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.
A white kitchen with a large countertop and stainless steel fridge.
Photo courtesy of Sean Shanahan

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.
A living room with abstract art on the wall, a grey couch, a matching accent chair a red rug and other decor.
Photo courtesy of JB Kirkland Design

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.
An open concept condo with a view into the living room through the kitchen with a large white countertop.
Photo courtesy of ONE Street Media 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.
A bedroom with a bed with white bedding and a blue blanket, light green walls, and hardwood floors.
Photo courtesy of David Molina with Townsend Visuals

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
A look into the kitchen from the living room with hardwood floors throughout.
Photo courtesy of HomeJab

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.
An all brick colonial home with a bright green yard and red garage door.
Photo courtesy of Kimberly Trimble, Trademark Realty, Inc

Get more local stories in your inbox with Axios Washington D.C..

More Washington D.C. stories