Washington, D.C. Metro
January 2025 Housing Market Report
by
Data as of February 6, 2025
Key Market Statistics
Days on Market
Pending Sales
Housing Market Trends
Washington D.C. area buyers and sellers cautious in January. A new Presidential administration and higherthan-expected mortgage rates contributed to a slow start to the 2025 housing market. While closed sales were up compared to a year ago, new pending contracts fell by 6.4% year-over-year. The number of showings in the region down 6.5% compared to last January.
Listing activity was also relatively slow. While the number of fresh listings increased from December’s record low, overall listing activity was down 4.1% compared to last January.
Buyers that are in the market are taking more time to make an offer. The median days on market in January was 23, which was three days slower than last year and was four days slower than the December pace.
Home prices are still rising in the region, though the pace of price growth has slowed. In January, the median sold price was up 4.4% compared to a year ago, the lowest year-over-year price change since October 2023.
Outlook
Prospective buyers and sellers face uncertainty to start the 2025 housing market. New administration policies could have an outsized impact on the Washington D.C. area housing market, though it is still too early to predict if and how the market might be affected. Higherincome buyers in the region may be better positioned heading into the spring market, while first-time and moderate-income buyers still face affordability constraints.
Source: Freddie Mac
January 2025
Jan '25 vs. Jan '24
Jan '25 vs. Dec '24
2,732 +10.6% -29.2% (Jan '24: 2,471) (Dec '24: 3,858)
Median Sold Price
January 2025
Jan '25 vs. Jan '24
Jan '25 vs. Dec '24
$558,285 +4.4% -5.4% (Jan '24: $535,000) (Dec '24: $590,000)
Median Days on Market
23 days +3 days
January 2025
Jan '25 vs. Jan '24
+4 days (Jan '24: 20 days) (Dec '24: 19 days)
Jan '25 vs. Dec '24
January 2025
Jan '25 vs. Jan '24
Jan '25 vs. Dec '24
3,137 -6.4% +13.3% (Jan '24: 3,351) (Dec '24: 2,768)
January 2025
Jan '25 vs. Jan '24
Jan '25 vs. Dec '24
3,726 -4.1% (Jan '24: 3,886) +75.3% (Dec '24: 2,126)
January 2025
Jan '25 vs. Jan '24
Jan '25 vs. Dec '24
6,054 +22.8% +10.7% (Jan '24: 4,930) (Dec '24: 5,468)
Local Markets
Local Markets
Local Market Map
MD/WV Panhandle
North Central Virginia
Washington D.C., Metro
Central Pennsylvania
Baltimore Metro
Southern Maryland
Maryland Eastern Shore
Philadelphia Metro
Del/Mar Coastal
About Bright MLS
Bright MLS was founded in 2016 as a collaboration between 43 visionary associations and two of the nation’s most prominent MLSs to transform what an MLS is and what it does, so real estate pros and the people they serve can thrive today and into our data-driven future through an open, clear and competitive housing market for all. Bright is proud to be the source of truth for comprehensive real estate data in the Mid-Atlantic, with market intelligence currently covering six states (Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia) and the District of Columbia.
Please contact Christy Reap, Media Relations Director with interview or information requests:
• (202) 309-9362
• christy.reap@brightmls.com
January 2025
Prepared by Bright Research
Market Statistics
1,126 January 2025 +9.4%
Jan '25 vs. Jan '24 (Jan '24: 1,029)
Jan '25 vs. Dec '24 (Dec '24: 1,633)
Data as of February 6, 2025
$734,900
January 2025
Jan '25 vs. Jan '24 (Jan '24: $700,000) -4.7%
Jan '25 vs. Dec '24 (Dec '24: $770,840)
$900,000
$850,000
$800,000
$750,000
$700,000
$650,000
$600,000
$550,000
$500,000
Median Days on Market
18 days
January 2025
-1 day
Jan '25 vs. Jan '24 (Jan '24: 19 days)
+2 days
Jan '25 vs. Dec '24 (Dec '24: 16 days)
New Pending Sales
1,262
January 2025
Jan '25 vs. Jan '24 (Jan '24: 1,342)
Jan '25 vs. Dec '24 (Dec '24: 1,161)
1,401
January 2025 -4.8%
Jan '25 vs. Jan '24 (Jan '24: 1,471) +76.9%
Jan '25 vs. Dec '24 (Dec '24: 792)
2,149
January 2025 +10.0%
Jan '25 vs. Jan '24 (Jan '24: 1,953)
+10.7%
Jan '25 vs. Dec '24 (Dec '24: 1,942)
About Bright MLS
Bright MLS was founded in 2016 as a collaboration between 43 visionary associations and two of the nation’s most prominent MLSs to transform what an MLS is and what it does, so real estate pros and the people they serve can thrive today and into our datadriven future through an open, clear and competitive housing market for all. Bright is proud to be the source of truth for comprehensive real estate data in the Mid-Atlantic, with market intelligence currently covering six states (Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia) and the District of Columbia.
Prepared by Bright Research Data as of February 6, 2025
Market Statistics
766 January 2025 +15.2%
Jan '25 vs. Jan '24 (Jan '24: 665)
Jan '25 vs. Dec '24 (Dec '24: 1,206)
$575,000
January 2025 +7.5%
Jan '25 vs. Jan '24 (Jan '24: $535,000) +1.8%
Jan '25 vs. Dec '24 (Dec '24: $564,997)
Median Days on Market
19 days
January 2025 -2 days
Jan '25 vs. Jan '24 (Jan '24: 21 days)
+0 days
Jan '25 vs. Dec '24 (Dec '24: 19 days)
New Pending Sales
882
January 2025
Jan '25 vs. Jan '24 (Jan '24: 959)
Jan '25 vs. Dec '24 (Dec '24: 793)
1,027
January 2025 -1.6%
Jan '25 vs. Jan '24 (Jan '24: 1,044)
+60.7%
Jan '25 vs. Dec '24 (Dec '24: 639)
1,450
January 2025
+30.4%
Jan '25 vs. Jan '24 (Jan '24: 1,112)
+9.5%
Jan '25 vs. Dec '24 (Dec '24: 1,324)
About Bright MLS
Bright MLS was founded in 2016 as a collaboration between 43 visionary associations and two of the nation’s most prominent MLSs to transform what an MLS is and what it does, so real estate pros and the people they serve can thrive today and into our datadriven future through an open, clear and competitive housing market for all. Bright is proud to be the source of truth for comprehensive real estate data in the Mid-Atlantic, with market intelligence currently covering six states (Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia) and the District of Columbia.
Market Statistics
838 January 2025 +8.0%
Jan '25 vs. Jan '24 (Jan '24: 776)
Jan '25 vs. Dec '24 (Dec '24: 1,016)
Data as of February 6, 2025
$380,000
January 2025
Jan '25 vs. Jan '24 (Jan '24: $359,900) -1.3%
Jan '25 vs. Dec '24 (Dec '24: $385,000)
$320,000
$300,000
Median Days on Market
32 days
January 2025
+11 days
Jan '25 vs. Jan '24 (Jan '24: 21 days)
+9 days
Jan '25 vs. Dec '24 (Dec '24: 23 days)
New Pending Sales
992
January 2025
Jan '25 vs. Jan '24 (Jan '24: 1,049)
Jan '25 vs. Dec '24 (Dec '24: 812)
1,293
January 2025 -5.6%
Jan '25 vs. Jan '24 (Jan '24: 1,370)
+86.3%
Jan '25 vs. Dec '24 (Dec '24: 694)
2,455
January 2025 +31.6%
Jan '25 vs. Jan '24 (Jan '24: 1,865)
+11.5%
Jan '25 vs. Dec '24 (Dec '24: 2,202)
About Bright MLS
Bright MLS was founded in 2016 as a collaboration between 43 visionary associations and two of the nation’s most prominent MLSs to transform what an MLS is and what it does, so real estate pros and the people they serve can thrive today and into our datadriven future through an open, clear and competitive housing market for all. Bright is proud to be the source of truth for comprehensive real estate data in the Mid-Atlantic, with market intelligence currently covering six states (Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia) and the District of Columbia.