There’s no doubt real estate in DC can be pricey, but the region as a whole just hit a brand-new record. The median sales price for a single-family home in DC this past October surpassed $1 million for the very first time.
According to a report from listing service Bright MLS, that’s a gain of more than $200,000 year-over-year. Prices rose about 24-percent in a 12-month period to reach a median sales price of $1.1 million in October 2020.
It was even higher than that in some areas. In the Palisades neighborhood, the median sales price of detached single-family homes in October 2020 topped $2 million. That’s a more than 69-percent increase over October of last year.
In Chevy Chase and Friendship Heights, the median sales price for all homes in…