Is Washington, DC 20007 a buyer’s or seller’s market?
Washington is a seller’s market. With about 3.1 months of supply and 19% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 47% of U.S. ZIP codes, and #7 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
The Washington housing market right now
In the three months ending August 31, 2026, 19% of homes in Washington, DC 20007 sold above their list price, the typical home went under contract in 43 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 142 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold about as fast and the median sale price held steady to $1,364,410. Overall, Washington is more competitive than a year ago, so tougher for buyers.
Within District of Columbia, homes here sell faster than in 76% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Washington ranks #7 of 20 DC ZIP codes with enough sales (score 46 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.
Run the numbers for 20007
Nearby markets
Washington 20001Balanced $552 /sq ftWashington 20002Buyer’s market $494 /sq ftWashington 20003Balanced $625 /sq ftWashington 20004Buyer’s market $528 /sq ft Browse all markets →Towns like Washington nearby
Find towns like Washington in other states →Where Washington is
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Questions about Washington real estate
Is Washington a buyer’s or seller’s market?
A seller’s market: there were 3.1 months of supply in Washington, DC 20007 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 43 days in the latest three months.
Do homes in Washington sell over asking?
19% of homes sold above their original list price, and the typical sale closed at 98.4% 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 $1,364,410 in the three months ending August 31, 2026, about $727 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