Washington Metro Home Prices & Values

$359,900 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

  • 6.8% 1-year change
  • 1.2% 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 $359,900. Washington Metro home values have gone up 6.8% over the past year and Zillow predicts they will rise 1.2% within the next year. The median list price per square foot in Washington Metro is $210, which is lower than the WashingtonDC average of $462. The median price of homes currently listed in Washington Metro is $389,000 while the median price of homes that sold is $401,625. The median rent price in Washington Metro is $1,950, which is lower than the WashingtonDC median of $2,215.

Foreclosures will be a factor impacting home values in the next several years. In Washington Metro 3.8 homes are foreclosed (per 10,000). This is greater than the WashingtonDC value of 0.4 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 Metro is 8.1%, 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 Metro homeowners underwater on their mortgage is 19.3%, which is higher than WashingtonDC at 12.2%.

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Relative ZHVI
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Washington Metro Market Overview

Data through Jul 31, 2014
  • $359,900 ZHVI
  • 1.2% 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

    (Jul 31, 2015)
  • $389,000 Median listing price
  • $401,625 Median sale price
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Washington Metro Market Health

Data through Jul 31, 2014
  • 4.1/10 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.

  • 81 Average days on Zillow (Jun 30, 2014)
  • 19.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.8 homes Washington Metro
0.4 homes WashingtonDC
4.4 homes United States
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Cities in Washington Metro

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Arlington $623,200 Fairfax $503,200 Falls Church $480,200
Alexandria $470,700 Washington $468,600 Silver Spring $372,000
Woodbridge $275,700 Frederick $255,000 Fredericksburg $228,600

Listings & Sales

Data through Jul 31, 2014
  • $210 Median list price / sq ft
  • $239 Median sale price / sq ft
  • 39.3% Listings with price cut
16.7%
Sold below listing
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Washington Metro 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
$2,071 Washington Metro
$2,480 WashingtonDC
$1,318 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)
  • $1,950 Rent list price
  • $1.76 Rent list price / sq ft
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