January 2017’s median sales price of $390,000 was up $14,500 or 3.9% compared to last year.
This is the highest January median sales price of the last decade, topping the prior high of
$385,000 seen in 2015.
All property types saw increases in price, with townhomes up 5.0% to $389,000, condos up 4.9%
to $300,000, and single-family detached up 3.3% to $465,000.
Falls Church City remains the most expensive location in the region, with a median sales price of
$610,000, which is down 18.3% from last year. Prince George’s County is still the most
affordable area in the region, with a January median sales price of $260,000, up 7.9% from last