Jan 30, 2024 - Real Estate
The most expensive neighborhoods in D.C. in 2023
Add Axios as your preferred source to
see more of our stories on Google.
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.