The median home sale price in D.C.'s most expensive neighborhood last year was $2.5 million — way higher than the city's overall $627,000 median sale price, according to data from Bright MLS.
Why it matters: Even as high interest rates plagued some buyers and slowed home sales, inventory in D.C. remained low — especially among its most sought-after areas, keeping prices high.
And a significant portion of the luxe home sales in these high-end areas were all cash.
The big picture: Spring Valley was D.C.'s most expensive neighborhood in 2023 and 2022.
And this year's sixth-most expensive neighborhood, American University Park, boasts the city's top sale of 2023: a $17.3 million property once home to a Swedish ambassador.