Washington DC Homes between 1,000,000 to 1,500,000
It’s no secret that the nation’s capital is also one of its reigning real estate hotspots. Washington DC is also a card carrying member of the millionaires club when it comes to homes and condos for sale, with a slew of listings between $1,000,000 to $1,500,000. But why is this particularly narrow band of prices so significant?
The answer lies in a marketplace that has been gaining in value for decades, rising like a phoenix from the ashes of urban decline and even weathering the Great Recession of the mid-2000s. The District keeps attracting new residents and properties keep getting pricier. And while there is still an abundance of condos for sale in the low to high six figure range, the million dollar ceiling has split wide open.
See all Washington DC Homes between 1,000,000 to 1,500,000
- All Listings
- $900,000 - $1,000,000
- Over $1,000,000
What types of Washington DC homes for sale might you expect to find between $1,000,000 and $1,500,000? Spacious upscale lofts and penthouses, townhouses and detached single-family houses certainly fit the bill. But it’s not only the type of property that comes into play, the location is also key.
Some zip codes are simply more prone to seven-figure homes. Georgetown, Kalorama, Adams Morgan, Capitol Hill, Dupont Circle and Logan Circle are among the most expensive urban territories. In fact, you’ll find a large number of Georgetown listings that zoom well above our target price range.
But the northern part of DC with its affluent more suburban neighborhoods are also equally important to consider. Because buyers who want traditional single-family homes in DC, as well as a quieter more residential vibe, are flocking to enclaves like Chevy Chase, Burleith, Cleveland Park, the Palisades, Spring Valley and American University Park, just to name a few.
It’s in these northern communities that you’ll find a greater concentration of Colonial, Victorian, Tudor, Cape Cod, Craftsman and Contemporary single family residences. This very often means homes for sale that have cracked the million dollar club. But prices are also rising in neighborhoods that have previously been thought of as more affordable.
As the old saying goes, a million dollars isn’t what it used to be. Nonetheless, Washington DC is the sum of many diverse parts, with a lot of choices when it comes to condos, townhouses and single family homes for sale between $1,000,000 and $1,500,000.
