Home Sales Low Point in Petworth Real Estate Market

The Petworth market showed no signs of halting a three-week downward contraction, with a record low eight homes sold in the last 30 days. Sales showed a 27.3% drop from the prior period, returning to a low not seen since April. In comparison, the Catholic University-Brookland neighborhood had 55 sales in the same time frame, the most of all close-by neighborhoods. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price rose to $637,000 this week.

Trying to find a home at a bargain price? Take a look at these affordable homes in Petworth:

$299K   $325K   $339K  

Get started right now by checking out Petworth homes for sale or reviewing Petworth real estate trends.

Demographic facts about Petworth:

  • The affordability rating is 31. (Scale: 1 = Worst, 100 = Best)
  • This area usually gets 43.4 inches of rain each year. (U.S. average: 36.5)
  • The average income per capita is $26,291.
  • This area has a school rating of 53. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/12/2016


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