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 (Highest prices first)

197 Properties Found. Page 1 of 17.
Photo of Listing #DCDC2130190

3927 7th St Nw, WASHINGTON

$1,700,000 - 8 Beds, 3 Baths, 2,983 Sf

MLS® # DCDC2130190

Photo of Listing #DCDC2120276

3904 8th St Nw, WASHINGTON

$1,500,000 - 4 Beds, 3 Baths, 3,450 Sf

MLS® # DCDC2120276

Photo of Listing #DCDC2126484

3912 New Hampshire Ave Nw, WASHINGTON

$1,475,000 - 5 Beds, 5 Baths, 3,320 Sf

MLS® # DCDC2126484

Photo of Listing #DCDC2132788

1368 Randolph St Nw, WASHINGTON

$1,449,900 - 5 Beds, 4 Baths, 2,571 Sf

MLS® # DCDC2132788

Photo of Listing #DCDC2131360

4316 2nd St Nw, WASHINGTON

$1,399,000 - 4 Beds, 4 Baths, 2,862 Sf

MLS® # DCDC2131360

Photo of Listing #DCDC2111930

601 Kennedy St Nw, WASHINGTON

$1,299,369 - 3 Beds, 3 Baths, 1,530 Sf

MLS® # DCDC2111930

Photo of Listing #DCDC2129354

4404 Illinois Ave Nw, WASHINGTON

$1,299,000 - 4 Beds, 4 Baths, 2,786 Sf

MLS® # DCDC2129354

Photo of Listing #DCDC2131996

716 Gallatin St Nw, WASHINGTON

$1,275,000 - 5 Beds, 4 Baths, 2,480 Sf

MLS® # DCDC2131996

Photo of Listing #DCDC2124118

533 Shepherd St Nw, WASHINGTON

$1,275,000 - 6 Beds, 6 Baths, 2,799 Sf

MLS® # DCDC2124118

Photo of Listing #DCDC2131158

513 Kennedy St Nw, WASHINGTON

$1,250,000 - 2 Beds, 1 Bath, 1,320 Sf

MLS® # DCDC2131158

Photo of Listing #DCDC2127978

715 Farragut St Nw, WASHINGTON

$1,250,000 - 4 Beds, 4 Baths, 2,530 Sf

MLS® # DCDC2127978

Photo of Listing #DCDC2130416

425 Emerson St Nw, WASHINGTON

$1,199,900 - 5 Beds, 4 Baths, 2,460 Sf

MLS® # DCDC2130416



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Listing information last updated on March 19th, 2024 at 7:15am EDT.