Market Report - 20002 - Washington, DC (Capitol Hill North) 2023 04

Real Estate Agent with RLAH / @properties DC / MD / VA

Union StationCapitol Hill is also a neighborhood in Washington, a big village, split halfway across, half in the NE and half in the SE quadrant of Washington, DC.  Politicians work here, but people live here also.

On the north side, an iconic landmark is Union Station, with some 40 million people annually, shown here to represent the local perspective. This is a true transportation hub, with Amtrak, suburban rail, intercity  bus and the Metro(subway) stations to converge. As of 2019, 2nd busiest station in the country.

As of February 2016, the H Street Trolley now gets people from (almost) Union Station to past the 15th St Starburst.

This view shows the station as you drive up in a cab, or Bikeshare or walk from Capitol Hill on left.  If you were there today, you'd see no cabs, and no people inside (or, truly just a handful, not 100's, but mere dozens).


This month, 57 homes were sold in April 2023.  This is less than the previous month, and its quite a bit lower than the five year average of 90. We've seen this number fluctuate quite a bit, just when we thought numbers were increasing, we drop again. Are we seeing a true recovery from the increase in interest rates, perhaps coupled some apprehension in the tech sector?  Only time will tell if this is a trend.  Perhaps the market is stabilizing and will improve going forward, we will continue to watch.

Currently there are 253 homes on the market, a small decrease from the previous month.  Though there is still more improvement needed as this number is still quite a bit higher than the April average for the prior 5 years of 187. Is the market still hot?  stabilizing? or even contracting? We'll watch for the trend.  More inventory equals more opportunity for buyers.  

We are at 3.8 Months of Supply, which is about the same as the previous month, and it continues to be higher than the 5 year average of 2.2 months of supply.  Numbers continue to rise in this neighborhood from earlier in the year. Let's see how soon we get to these numbers again, be that 1-2-3 or x months.


April prices increased a good bit from the previous month to a $760,000 sold price.  This number is higher than the 5 year average at $715,950 for this month; this seems to be happening more often in the last several months.  Demand is catching up with inventory in this neighborhood, though the market is still yoyoing up and down a bit. Perhaps we are in a period of stabilization, though this zip includes emerging areas as well.

Median days on market was about the same as the previous month as homes were sold in 24 days in April.  This is still more than the 5 year average of 11 days though.  Buyers are continuing to hesitate this month. Perhaps this trend is due to increasing interest rates, time will tell.

Are buyers finally seeing a bit of breathing room in April? Apparently a small amount in this neighborhood with the ratio of sold price to original list price a bit lower at 98.7%, the average for the prior 5 years is 99.8%.


This neighborhood comprises several sub-neighborhoods, from the brand new NOMA construction, to Trinidad and Union Market (itself a new mecca) and trendy H Street. As well as the tried and true, Capitol Hill and Union Station.This zip code ranked #27 in Washingtonian Magazines Great Places To Live 2019 issue, which ranked the 100 priciest zip codes in the greater Washington DC metro area.  With confidence, expect this zip to move up the chart in the next year(s) as the NOMA/Union Market continue to grow and the demand is challenged to be met.

(data from getsmartcharts; photo from Amtrak)

Posted by

Claude Labbe, Realty for Your Busy Life

Real Living | At Home
11 Dupont Circle #650
Washington, DC 20036
(202) 518-8781 bus / (703) 868-7774 mobile


Comments (4)

Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Claude Labbe  it has been ages since we connected, hope all is well, now may I say up late tonight? Endre

May 29, 2023 09:29 PM
Claude Labbe

and I'm calling it a night.. hope you had a good holiday w/e

May 29, 2023 09:32 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Washington D.C. home buyers and sellers are sure to value your real estate market report, Claude.

May 30, 2023 08:53 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC

Thanks for sharing your market update with us. Buyers & sellers in your area would benefit from your services. Have a great weekend!


Jun 02, 2023 12:23 PM