The real estate market in Washington, D.C., attracts buyers to its many lively neighborhoods and surrounding suburbs. Prices have seesawed since the onset of the pandemic but have risen over the last few months. The market is still considered balanced, with the number of homes available matching the number of people looking to buy.
Washington and its suburbs offer something for everyone, and real estate is available within the numerous neighborhoods of the district, such as Capitol Hill, Columbia Heights, Anacostia, and Georgetown. There are also comfortable suburbs that include Alexandria, McLean, Arlington in Virginia, and Bethesda, Silver Spring, and Chevy Chase in Maryland. Each neighborhood and suburb has its own unique feel and attractions.
Home prices in the D.C. area
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Agents will put their extensive experience to work right away to find you the best possible Washington, D.C. real estate that meets your needs. Inform your agent of your budget and which neighborhood or suburb you’d prefer to live in — many young professionals and government employees like to live in communities close to their jobs with ample amenities within a short commute. Many families live in quieter suburbs in large, comfortable houses with yards near outstanding schools. Once you’ve let your agent know your preferences, they search for ideal properties.
To get the feeling of what it’s like living in Washington, D.C., experience Capitol Hill, the sophisticated neighborhood located southeast of the U.S. Capitol, the Supreme Court, and the Library of Congress. Washington, D.C. real estate on Capitol Hill tends to be more expensive than the median home price due to its desirable location and elegance.
Gorgeous townhomes and condos line the beautiful streets of the Capitol Hill neighborhood, and the area boasts many upscale restaurants. Lincoln Park offers refuge from the city's fast-paced lifestyle, and the U.S. Botanic Garden is worth a visit from both locals and tourists alike.
On the other side of the district is fashionable Georgetown, a historic neighborhood that dates back to colonial times. Georgetown is known for big, fabulous homes and some of the city’s most popular restaurants, bars, and shops. It’s popular with politicians, diplomats, academics, lobbyists, and other wealthy individuals. As well as having luxury Washington, D.C. homes for sale, this neighborhood is home to Georgetown University and the Georgetown Waterfront Park on the Potomac River.
Chevy Chase is an affluent suburb just inside the Maryland state line. It’s one of the wealthiest communities in Maryland, where the median value of Chevy Chase homes for sale fluctuates from $700,000 to over $1 million. The average price of a home in 2021 was $1.24 million, but numbers have settled into the mid-$700,000 range in early 2022. Chevy Chase is known for its beautiful homes on peaceful streets. It has upscale shops concentrated on Wisconsin Avenue and parks, country clubs, and a greenway along Rock Creek with the small, historic community of Chevy Chase Village tucked along in the southern part of the city.
These are just some of the many booming neighborhoods found in Washington, D.C. With dozens of communities like Pleasant Plains, DC to choose from, both within the city center and the comfortable suburbs of Virginia and Maryland, there’s no shortage of real estate that will meet your needs in the nation’s capital.
If you’re interested in buying Washington, D.C. real estate, Sebastian and Daniel of The Alliance team are ready to show you why their agency is the best in the area. Contact them today to begin your next real estate journey!