Washington Home Prices & Values
Zillow Home Value Index
The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more
$580,100
- 3.1% 1-year change
- 2.2% 1-year forecast
Market temperature
The market temperature is based on three metrics: the list-to-sale price ratio, the prevalence of price cuts on home listings, and time-on-market. It provides information on the current balance of bargaining power between buyers and sellers in this region relative to that balance historically, enabling buyers and sellers to see trends in their local housing market temperature. Learn more
Cool
Buyers' Market
Sellers' Market
The median home value in Washington is $580,100. Washington home values have gone up 3.1% over the past year and Zillow predicts they will rise 2.2% within the next year. The median list price per square foot in Washington is $540, which is higher than the Washington-Arlington-Alexandria Metro average of $232. The median price of homes currently listed in Washington is $589,900 while the median price of homes that sold is $548,100. The median rent price in Washington is $2,600, which is higher than the Washington-Arlington-Alexandria Metro median of $2,175.
Foreclosures will be a factor impacting home values in the next several years. In Washington 0.6 homes are foreclosed (per 10,000). This is lower than the Washington-Arlington-Alexandria Metro value of 1.2 and also lower than the national value of 1.2
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 1.8%, which is higher than the national value of 1.1%. 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 10.6%, which is higher than Washington-Arlington-Alexandria Metro at 9.7%.
Read moreRelative ZHVI
- +Washington Market Overview
Data through Mar 31, 2019
-
$580,100
ZHVI
The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more
-
2.2%
1-yr forecast
The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more(Mar 31, 2020)
- $589,900 Median listing price
- $548,100 Median sale price (Feb 28, 2019)
Washington Market Health
Data through Feb 28, 2019
- 83 Average days on Zillow
- 10.6% Homes with negative equity (8.2% US Avg) (Jun 30, 2018)
- 1.8% Delinquent on mortgage (1.1% US Avg) (Jun 30, 2018)
Neighborhoods in Washington
| Name | Median ZHVI |
|---|---|
| Bloomingdale | $782,500 |
| Shaw | $740,900 |
| Ledroit Park | $736,700 |
| Name | Median ZHVI |
|---|---|
| Truxton Circle | $713,500 |
| Logan Circle | $578,800 |
| Judiciary Square | $561,700 |
| Name | Median ZHVI |
|---|---|
| Mount Vernon Square | $548,700 |
| Penn Quarter | $485,100 |
| NoMa | $481,900 |
Listings & Sales
Data through Mar 31, 2019
- $540 Median list price / sq ft
- No recent data Median sale price / sq ft
- 13.3% Listings with price cut
Washington For Sale Listings
Washington Rentals
Data through Mar 31, 2019
Zillow Rent Index
-
The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
-
4.1
Breakeven horizon
The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more(Mar 31, 2018)
- $2,600 Rent list price
- $3.00 Rent list price / sq ft
