Is Washington, DC 20306 a buyer’s or seller’s market?
Washington is a seller’s market. With about 1.9 months of supply and 40% 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.
The Washington housing market right now
In the three months ending August 31, 2026, 40% of homes in Washington, DC 20306 sold above their list price, the typical home went under contract in 15 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 20%, homes sold faster (30 days then) and the median sale price fell 36% to $459,701. Overall, Washington is more competitive than a year ago, so tougher for buyers.
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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 1.9 months of supply in Washington, DC 20306 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 15 days in the latest three months.
Do homes in Washington sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 101.5% of the list price.
What is the median home price in Washington?
The median sale price was $459,701 in the three months ending August 31, 2026, about $695 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