Washington Home Prices & Values

$468,600 Zillow Home Value Index What's This?  
Close

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 10.4% 1-year change
  • 3.0% 1-year forecast

Market Temperature: Very HotWhat's This?
Close

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Washington is $468,600. Washington home values have gone up 10.4% over the past year and Zillow predicts they will rise 3.0% within the next year. The median list price per square foot in Washington is $462, which is higher than the Washington Metro average of $210. The median price of homes currently listed in Washington is $449,000 while the median price of homes that sold is $527,150. The median rent price in Washington is $2,215, which is higher than the Washington Metro median of $1,950.

Foreclosures will be a factor impacting home values in the next several years. In Washington 0.4 homes are foreclosed (per 10,000). This is lower than the Washington Metro value of 3.8 and also lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Washington is 10.2%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Washington homeowners underwater on their mortgage is 12.1%, which is lower than Washington Metro at 19.3%.

more
Relative ZHVI
- +

Washington Market Overview

Data through Jul 31, 2014
  • $468,600 ZHVI
  • 3.0% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $449,000 Median listing price
  • $527,150 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Washington Market Health

Data through Jul 31, 2014
  • 8.0/10 Very healthy What's This?  
    Close

    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 12.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 10.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.4 homes Washington
3.8 homes Washington Metro
4.4 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Neighborhoods in Washington

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Shaw $611,200 Bloomingdale $603,300 Ledroit Park $575,500
Truxton Circle $547,600 Logan Circle $504,700 Judiciary Square $497,800
Mount Vernon Square $456,600 Penn Quarter $451,700 Eckington $435,300

Listings & Sales

Data through Jul 31, 2014
  • $462 Median list price / sq ft
  • $499 Median sale price / sq ft
  • 29.7% Listings with price cut
8.2%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Washington Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,480 Washington
$2,071 Washington Metro
$1,318 United States
  • 3.0 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $2,215 Rent list price
  • $2.85 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading