Is Washington, DC 20003 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Washington is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score48/ 100

More competitive than 49% of U.S. ZIP codes, and #5 of 20 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply4.8Under 4 months = seller’s market
Sold above original list21.7%Share of sales, last 3 months
Median sale-to-list99.5%Sold price ÷ list price
Median days on market41Listing to accepted offer
Median price per sq ft$625▼ −0.7% vs. last year

The Washington housing market right now

In the three months ending August 31, 2026, 22% of homes in Washington, DC 20003 sold above their list price, the typical home went under contract in 41 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 95 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (23% then), homes sold about as fast and the median sale price rose 1% to $949,589. Overall, Washington is about as competitive as it was a year ago.

Within District of Columbia, homes here sell faster than in 90% of the county’s ZIP codes, and sell more often over asking than in 59%. On our competition score, Washington ranks #5 of 20 DC ZIP codes with enough sales (score 48 out of 100).

Nearby, buyers who want less competition could look at Washington 20422 (0% sold over asking) or Washington 20006 (0% sold over asking), while Washington 20012 (33% sold over asking) and Washington 20017 (27% sold over asking) are even more competitive.

Nearby markets

Washington 20001Balanced $552 /sq ftWashington 20002Buyer’s market $494 /sq ftWashington 20004Buyer’s market $528 /sq ftWashington 20005Balanced $605 /sq ft Browse all markets →

Where Washington is

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Questions about Washington real estate

Is Washington a buyer’s or seller’s market?

A balanced market: there were 4.8 months of supply in Washington, DC 20003 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Washington?

The typical home went under contract in 41 days in the latest three months.

Do homes in Washington sell over asking?

22% of homes sold above their original list price, and the typical sale closed at 99.5% of the list price.

What are property taxes in Washington?

About 0.58% of a home’s value a year in District of Columbia, or roughly $2,320 on a $400,000 home.

What is the median home price in Washington?

The median sale price was $949,589 in the three months ending August 31, 2026, about $625 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology