Is Washington, DC 20422 a buyer’s or seller’s market?
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.
The Washington housing market right now
In the three months ending August 31, 2026, 0% of homes in Washington, DC 20422 sold above their list price 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. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 25% and the median sale price rose 8% to $1,203,982. Overall, Washington is less competitive than a year ago, which gives buyers more room.
Within District of Columbia, homes here sell less often over asking than in any other ZIP code in the county.
Nearby, Washington 20012 (33% sold over asking) and Washington 20017 (27% sold over asking) are even more competitive.
Run the numbers for 20422
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 →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 20422 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
Do homes in Washington sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% 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 $1,203,982 in the three months ending August 31, 2026, about $655 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