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.

5507 8th St Nw, WASHINGTON

$799,000 - 4 Beds, 4 Baths, 2,262 Sf

MLS® # DCDC2097116

5027 Nw 3rd St Nw, WASHINGTON

$799,000 - 4 Beds, 4 Baths, 2,143 Sf

MLS® # DCDC2133358

927 Delafield Pl Nw, WASHINGTON

$799,000 - 3 Beds, 3 Baths, 2,032 Sf

MLS® # DCDC2139140

5325 5th St Nw, WASHINGTON

$799,000 - 3 Beds, 4 Baths, 1,911 Sf

MLS® # DCDC2141274

4400 New Hampshire Ave Nw, WASHINGTON

$799,900 - 4 Beds, 2 Baths, 2,458 Sf

MLS® # DCDC2112746

4214 8th St Nw, WASHINGTON

$799,900 - 6 Beds, 2 Baths, 2,009 Sf

MLS® # DCDC2134216

4141 New Hampshire Ave Nw, WASHINGTON

$799,999 - 3 Beds, 3 Baths, 1,782 Sf

MLS® # DCDC2129356

827 Delafield Pl Nw, WASHINGTON

$819,000 - 3 Beds, 4 Baths, 1,928 Sf

MLS® # DCDC2131246

5415 Illinois Ave Nw, WASHINGTON

$840,000 - 4 Beds, 4 Baths, 2,251 Sf

MLS® # DCDC2122454

5745 13th St Nw, WASHINGTON

$845,000 - 3 Beds, 3 Baths, 2,492 Sf

MLS® # DCDC2139712

5003 7th St Nw, WASHINGTON

$848,890 - 4 Beds, 3 Baths, 1,485 Sf

MLS® # DCDC2137792

5125 New Hampshire Ave Nw, WASHINGTON

$849,900 - 4 Beds, 4 Baths, 1,778 Sf

MLS® # DCDC2137542