This is an ongoing series that will feature the latest in Hill home value changes straight from a Hill expert real estate agent. Jason Martin is one of the founding partners of Keller Williams Capital Properties and the principal at the Jason Martin Group. You may contact Jason at 202-641-0299.
Like anything that is bought and sold on the open market its all about supply and demand. The average days on market in both zip codes is wonderful indicator of what demand looks like in that specific month. As demand goes up, days on market will typically decrease leading to an increase in home values.
20002 Zip Code
| Dec-13 | Dec-12 | % Change | |
| Sold Dollar Volume | 40,286,527 | $24,775,837 | 62.60% |
| Avg Sold Price | $530,086 | $516,163 | 2.70% |
| Median Sold Price | $498,750 | $457,450 | 9.03% |
| Units Sold | 76 | 48 | 58.33% |
| Avg Days on Market | 34 | 52 | -34.62% |
| Avg List Price for Solds | $532,029 | $514,113 | 3.48% |
| Avg SP to OLP Ratio | 98.2% | 98.6% | -0.36% |
20003 Zip Code
| Dec-13 | Dec-12 | % Change | |
| Sold Dollar Volume | $24,020,226 | $18,396,100 | 30.57% |
| Avg Sold Price | $558,610 | $707,542 | -21.05% |
| Median Sold Price | $515,000 | $687,000 | -25.04% |
| Units Sold | 43 | 26 | 65.38% |
| Avg Days on Market | 19 | 45 | -57.78% |
| Avg List Price for Solds | $554,469 | $730,684 | -24.12% |
| Avg SP to OLP Ratio | 99.6% | 95.4% | 4.39% |