Is Washington, DC 20008 a buyer’s or seller’s market?
Washington is a seller’s market. With about 2.6 months of supply and 16% 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 41% of U.S. ZIP codes, and #9 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, 16% of homes in Washington, DC 20008 sold above their list price, the typical home went under contract in 63 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 108 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold more slowly (61 days then) and the median sale price rose 58% to $949,589. Overall, Washington is about as competitive as it was a year ago.
Within District of Columbia, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in 68%. On our competition score, Washington ranks #9 of 20 DC ZIP codes with enough sales (score 41 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 20008
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
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Questions about Washington real estate
Is Washington a buyer’s or seller’s market?
A seller’s market: there were 2.6 months of supply in Washington, DC 20008 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 63 days in the latest three months.
Do homes in Washington sell over asking?
16% 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 $949,589 in the three months ending August 31, 2026, about $596 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