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 (Newest First)

197 Properties Found. Page 1 of 17.
Photo of Listing #DCDC2069116

1321 Shepherd St Nw #2, WASHINGTON

$925,000 - 2 Beds, 3 Baths, 1,245 Sf

MLS® # DCDC2069116

Photo of Listing #DCDC457660

3900 14th St Nw #218, WASHINGTON

$399,000 - 2 Beds, 1 Bath, 918 Sf

MLS® # DCDC457660

Photo of Listing #DCDC2075930

4306 Arkansas Ave Nw #p-7, WASHINGTON

$12,000 - 130 Sf

MLS® # DCDC2075930

Photo of Listing #DCDC2060810

1321 Shepherd St Nw #1, WASHINGTON

$949,900 - 2 Beds, 2 Baths, 1,616 Sf

MLS® # DCDC2060810

Photo of Listing #DCDC2083720

805 Longfellow St Nw, WASHINGTON

$590,000 - 3 Beds, 3 Baths, 1,732 Sf

MLS® # DCDC2083720

Photo of Listing #DCDC2094100

250 Farragut St Nw #i-101, WASHINGTON

$185,000 - 1 Bed, 1 Bath, 744 Sf

MLS® # DCDC2094100

Photo of Listing #DCDC2093544

831 Longfellow St Nw, WASHINGTON

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

MLS® # DCDC2093544

Photo of Listing #DCDC2095096

623 Longfellow St Nw, WASHINGTON

$599,000 - 4 Beds, 5 Baths, 2,745 Sf

MLS® # DCDC2095096

Photo of Listing #DCDC2100278

518 Varnum St Nw, WASHINGTON

$965,000 - 4 Beds, 2 Baths, 2,030 Sf

MLS® # DCDC2100278

Photo of Listing #DCDC2106228

939 Longfellow St Nw #2, WASHINGTON

$190,000 - 1 Bed, 1 Bath, 682 Sf

MLS® # DCDC2106228

Photo of Listing #DCDC2102306

4120 14th St Nw #b2, WASHINGTON

$212,000 - 2 Beds, 1 Bath, 858 Sf

MLS® # DCDC2102306

Photo of Listing #DCDC2107308

911 Kennedy St Nw #3, WASHINGTON

$499,000 - 2 Beds, 3 Baths, 1,184 Sf

MLS® # DCDC2107308



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Listing information last updated on March 19th, 2024 at 2:45am EDT.