Old Town North Real Estate Market Extends Weakening in Home Prices

The Old Town North market looked healthy this week as sales rose 11.1% to hit 10 homes sold over the last 30 days. To put it in perspective, the close-by Anacostia neighborhood registered 58 homes sold in those same 30 days, the most of all surrounding neighborhoods. Prices fell lower as this week's reported median sales price of $407,500 continued a four-week downward trend. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Old Town North is a definite seller's market.

If price is the most important factor in your decision, these are some inexpensive homes being listed in Old Town North:

$179K   $259K   $259K  

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

Demographic facts about Old Town North:

  • This area has a median house value of $453,259.
  • The area gets 108 rainy days a year. (U.S. average: 100)
  • The area's unemployment rate is 4.3%.
  • For every teacher there are 7.2 students in this area. (15.3 = national average)

Data reported through 10/19/2016


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