Washington Metro Home Prices & Values

$356,500 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 7.6% 1-year change
  • 2.3% 1-year forecast

Market Temperature: HotWhat's This?
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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 metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Washington Metro is $356,500. Washington Metro home values have gone up 7.6% over the past year and Zillow predicts they will rise 2.3% within the next year. The median list price per square foot in Washington Metro is $212, which is lower than the WashingtonDC average of $473. The median price of homes currently listed in Washington Metro is $390,000 while the median price of homes that sold is $390,250. The median rent price in Washington Metro is $1,919, which is lower than the WashingtonDC median of $2,250.

Foreclosures will be a factor impacting home values in the next several years. In Washington Metro 3.4 homes are foreclosed (per 10,000). This is greater than the WashingtonDC value of 0.6 and also lower than the national value of 4.3

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 Metro is 8.4%, which is higher than the national value of 7.2%. 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 Metro homeowners underwater on their mortgage is 20.6%, which is higher than WashingtonDC at 13.2%.

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Relative ZHVI
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Washington Metro Market Overview

Data through Jun 30, 2014
  • $356,500 ZHVI
  • 2.3% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $390,000 Median listing price
  • $390,250 Median sale price
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Washington Metro Market Health

Data through Jun 30, 2014
  • 4.0/10 Less healthy What's This?  
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    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.

  • 67 Average of days on Zillow (May 31, 2014)
  • 20.6% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 8.4% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

3.4 homes Washington Metro
0.6 homes WashingtonDC
4.3 homes United States
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Cities in Washington Metro

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Arlington $614,000 Fairfax $510,900 Falls Church $490,300
Alexandria $471,700 Washington $461,400 Silver Spring $368,100
Woodbridge $266,500 Frederick $244,400 Fredericksburg $226,700

Listings & Sales

Data through Jun 30, 2014
  • $212 Median list price / sq ft
  • $238 Median sale price / sq ft
  • 33.8% Listings with price cut
17.2%
Sold below listing
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Washington Metro Rentals

Data through Jun 30, 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
$2,063 Washington Metro
$2,475 WashingtonDC
$1,310 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,919 Rent list price
  • $1.72 Rent list price / sq ft
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