Is Washington, DC 20016 a buyer’s or seller’s market?

The Washington housing market right now

In the three months ending August 31, 2026, 23% of homes in Washington, DC 20016 sold above their list price, the typical home went under contract in 43 days and there were 4.5 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 126 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 15%, homes sold faster (46 days then) and the median sale price rose 23% to $1,520,342. 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 64%. On our competition score, Washington ranks #8 of 20 DC ZIP codes with enough sales (score 45 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.