A few years ago, no neighborhood in DC had a median home price that exceeded $2 million. Now, there a number of areas where that benchmark is becoming common. 

Five upper NW DC neighborhoods currently carry median home prices of $2 million or higher. Berkley, Massachusetts Avenue Heights, Kent, Spring Valley and Burleith. Back in 2018, there was just one neighborhood where the median price was approaching $1.9 million, according to Bright MLS data. 

There are two reasons for these neighborhoods eclipsing the $2 million mark: a very limited number of homes for sale, as well as an increasing supply of new construction single-family homes that are asking very high prices. Currently in Kent and Spring Valley, there are at least ten homes in the works with price tags north of $5 million.

While home prices are projected to level off and potentially even drop in the region over the coming 12 months, it wouldn’t be surprising if some new names were added to the list of 2026. Just missing inclusion this time around are Georgetown and Woodley Park with median prices hovering around $1.9 million. 

(Urban Turf)