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 #6 (Highest prices first)

242 Properties Found. Page 6 of 21.
Photo of Listing #DCDC2130086

214 Upshur St Nw, WASHINGTON

$875,000 - 4 Beds, 4 Baths, 2,300 Sf

MLS® # DCDC2130086

Photo of Listing #DCDC2127792

749 Varnum St Nw, WASHINGTON

$875,000 - 3 Beds, 3 Baths, 2,417 Sf

MLS® # DCDC2127792

Photo of Listing #DCDC2115862

5620 9th St Nw, WASHINGTON

$875,000 - 5 Beds, 3 Baths, 2,001 Sf

MLS® # DCDC2115862

Photo of Listing #DCDC2140888

4421 5th St Nw, WASHINGTON

$850,000 - 3 Beds, 3 Baths, 1,778 Sf

MLS® # DCDC2140888

Photo of Listing #DCDC2138622

4922 4th St Nw, WASHINGTON

$850,000 - 4 Beds, 4 Baths, 2,125 Sf

MLS® # DCDC2138622

Photo of Listing #DCDC2137646

4523 Georgia Ave Nw #2, WASHINGTON

$849,990 - 3 Beds, 3 Baths, 1,600 Sf

MLS® # DCDC2137646

Photo of Listing #DCDC2137542

5125 New Hampshire Ave Nw, WASHINGTON

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

MLS® # DCDC2137542

Photo of Listing #DCDC2137792

5003 7th St Nw, WASHINGTON

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

MLS® # DCDC2137792

Photo of Listing #DCDC2139712

5745 13th St Nw, WASHINGTON

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

MLS® # DCDC2139712

Photo of Listing #DCDC2122454

5415 Illinois Ave Nw, WASHINGTON

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

MLS® # DCDC2122454

Photo of Listing #DCDC2128896

5325 5th St Nw, WASHINGTON

$825,000 - 3 Beds, 4 Baths, 1,911 Sf

MLS® # DCDC2128896

Photo of Listing #DCDC2131246

827 Delafield Pl Nw, WASHINGTON

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

MLS® # DCDC2131246



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Listing information last updated on May 10th, 2024 at 4:16pm EDT.