Question: Is it a good time to buy a condo in Washington DC?
Answer: Unless you think that the Washington DC economy is heading for a death spiral, it could be a great time to acquire excellent value in the DC condo market.
Asking Prices Are Lowest in 10+ Years
The average asking price of condos listed for sale in July was lower than it’s been at any time in the past ten years. In July 2025, DC condos were listed for an average price of $552,000. Prior to this summer, the lowest average monthly asking price for a DC condo over the past ten years was in August 2016 at $583,000, 5.6% higher than July 2025 asking prices.
The narrative improves slightly using median price, with a July 2025 median asking price of $450,000 compared to an August 2015 median asking price of $435,000.
In either case, average or median pricing, the data suggests buyers can buy DC condos at prices similar to 10+ years ago.
Buyers Have Nearly 3x More Options to Choose From
Buyers in DC will find nearly 3x more condos being offered for sale than the market has averaged over the past ten years, which means more opportunity to find the right property and find a seller ready to strike a great deal.
High Days on Market = Significant Buyer Leverage
The longer a property sits on the market, the more leverage buyers have to negotiate the price. The chart below shows the average sold price relative to the original asking price based on how long a property was on the market before going under contract, in Washington DC.
Homes that sell within the first ten days average above asking price. Once a home has been on the market for 30 days, buyers pick-up significant leverage, with an average of 5.7% and 7.6% off the original asking price for homes on the market 31-60 days and 61-90 days, respectively.
If you want to understand just how much leverage buyers have on DC condos right now, the days on market data tells the story:
-
As of Monday August 18, there were 1,224 condos for sale in Washington DC
-
Of those condos, the average time on market is 113 days and median time on market 82 days
-
996 (81.4%) have been on the market for 30+ days and 506 (41.3%) have been on the market for 100+ days
Don’t Get Blindsided by DC’s Tenant-Landlord Laws
Washington DC is a very tenant-friendly jurisdiction and it’s important that you understand the requirements and limitations placed on landlords in DC if you plan to invest and rent property in the District. I’m far from an expert on DC tenant-landlord laws and property management, but highly recommend connecting with my colleague, Michael Hangemanole, if you have any questions or need Property Management/Rental services in Washington DC. He can be reached on his cell at (240) 483-7255 or by email at [email protected], and is more than happy to talk to any readers about DC property management, the rental market, and landlord-tenant laws.
If you’d like to discuss buying, selling, investing, or renting, don’t hesitate to reach out to me at [email protected].
Upcoming (pre-market) ERG Listings, Details and Additional Listings Available by Request
-
Ballston – 4BR/3.5BA+office/4,000 sqft – Four Townhouses (2026/2027) – 11th St N Arlington VA 22201
-
Falls Church – 5BR/3BA/2,170 sqft – Detached Single Family (1950) – Bolling Rd Falls Church VA 22042
-
Falls Church City – 4BR/4.5BA/3,000+ sqft – End-unit townhouse (1995) – Rees Pl Falls Church VA 22046
-
Yorktown – 6BR/6.5BA/6,000+ sqft – Detached Single Family (2026) – N Greencastle St Arlington VA 22207
-
Rosslyn – 2BR+den/2.5BA/2,000+ sqft – Condo (2021) – 1781 N Pierce St Arlington VA 22209
-
Highland Park/Overlee Knolls – 6BR/5.5BA/5,000+ sqft – Detached Single Family (2025) – 22nd Rd N Arlington VA 22205
