Housing prices dropping in DC is good news for buyers. If you are looking for a home in DC, you might want to focus on the neighborhoods where housing prices are moving downward. Here is a list of neighborhoods that might offer you a better deal, based on data provided by Bright MLS from June and July.
Where Housing Prices Are Dropping in DC
In more moderately priced areas like Bloomingdale, Brookland and Petworth, about 1 in 4 of homes have seen price reductions over the last two months, while in higher-priced areas, like Chevy Chase and Logan Circle, that number is in the 10% range. In Spring Valley, no listings on the market have seen a price reduction in the last several weeks.
The percentage of listings with price cuts so far in 2025 is a bit higher than at this time last year. If you are curious about the percentage of homes that have seen price reductions in your neighborhood, please let’s talk! You can reach me at 240-401-5577 or email me at Lise@lisehowe.com.
