Real Estate Trends: Petworth

Posted by on Wednesday, May 24th, 2017 at 10:43am.


Real estate trends in Petworth, including home prices, architecture and walkability.

Petworth real estate is trending upwards. Trends are showing a large increase of around $35,000, or five percent. Price per square foot of homes fell to $450, down just nine dollars. One bedroom homes will cost around $336,000 and larger four bedroom properties are trending at around $760,000.

First-time home buyers are attracted to Petworth, as it tends to skew younger residents, with the median age being 37. Its median income is around $56,000 with condos and townhomes making up about 33 percent of the neighborhood.

One bedroom condos and co-ops are growing in this vibrant neighborhood. There’s been a gradual increase of about 29 percent. Condos with one bedroom were going for $304,000 in 2016.

According to The Washington Post, walkable neighborhoods are still very hot in D.C. and Petworth is one of them. Urbanization is a hot term in the D.C. area, with young families staying in the city longer and older individuals moving back into the city, opting for walkable neighborhoods.

The New York Times referred to Petworth as “a place of porches.” The article mentions residential buildings that recently popped up, like the Swift Petworth, that has a Safeway underneath it as its base. There’s also an eclectic mix of retail and restaurants, including “the block,” a booming section of Upshur St. between 8th and 9th Streets with Japanese and Latin restaurants, clothing shops and more.

Petworth is changing day to day, and recent developments and housing have proved to be quite exciting for the area.

Residential, Residential Lease in Polygon - Page #2

197 Properties Found. Page 2 of 17.
Photo of Listing #DCDC2129536

4628 4th St Nw, WASHINGTON

$1,185,000 - 4 Beds, 4 Baths, 1,652 Sf

MLS® # DCDC2129536

Photo of Listing #DCDC2130196

926 Shepherd St Nw, WASHINGTON

$1,150,000 - 4 Beds, 4 Baths, 2,102 Sf

MLS® # DCDC2130196

Photo of Listing #DCDC2116114

424 Missouri Ave Nw #4, WASHINGTON

$1,135,000 - 3 Beds, 3 Baths, 2,200 Sf

MLS® # DCDC2116114

Photo of Listing #DCDC2116546

424 Missouri Ave Nw #3, WASHINGTON

$1,125,000 - 3 Beds, 3 Baths, 2,200 Sf

MLS® # DCDC2116546

Photo of Listing #DCDC2119698

4729 Nw 13th St Nw, WASHINGTON

$1,100,000 - 5 Beds, 5 Baths, 2,784 Sf

MLS® # DCDC2119698

Photo of Listing #DCDC2128442

5103 13th St Nw, WASHINGTON

$1,073,000 - 4 Beds, 3 Baths, 2,279 Sf

MLS® # DCDC2128442

Photo of Listing #DCDC2127150

3700 14th St Nw, WASHINGTON

$1,057,500 - 1,144 Sf

MLS® # DCDC2127150

Photo of Listing #DCDC2124094

15 Grant Cir Nw #3, WASHINGTON

$1,050,000 - 3 Beds, 4 Baths, 2,216 Sf

MLS® # DCDC2124094

Photo of Listing #DCDC2128636

818 Decatur St Nw, WASHINGTON

$1,050,000 - 4 Beds, 4 Baths, 2,106 Sf

MLS® # DCDC2128636

Photo of Listing #DCDC2122248

119 Hamilton St Nw, WASHINGTON

$1,050,000 - 4 Beds, 4 Baths, 2,397 Sf

MLS® # DCDC2122248

Photo of Listing #DCDC2093544

831 Longfellow St Nw, WASHINGTON

$1,050,000 - 4 Beds, 4 Baths, 2,325 Sf

MLS® # DCDC2093544

Photo of Listing #DCDC2116548

424 Missouri Ave Nw #2, WASHINGTON

$1,035,000 - 3 Beds, 3 Baths, 2,000 Sf

MLS® # DCDC2116548



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Listing information last updated on March 19th, 2024 at 4:00am EDT.