The Chinatown / Mount Vernon Square / Penn Quarter housing market is not very competitive. The median sale price of a home in Chinatown / Mount Vernon Square / Penn Quarter was $525K last month, down 13.2% since last year. The median sale price per square foot in Chinatown / Mount Vernon Square / Penn Quarter is $727, up 10.6% since last year.
Chinatown / Mount Vernon Square / Penn Quarter Housing Market Trends
What is the housing market like in Chinatown / Mount Vernon Square / Penn Quarter today?
In January 2025, Chinatown / Mount Vernon Square / Penn Quarter home prices were down 13.2% compared to last year, selling for a median price of $525K. On average, homes in Chinatown / Mount Vernon Square / Penn Quarter sell after 83 days on the market compared to 70 days last year. There were 34 homes sold in January this year, down from 45 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$525,000
-13.2% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Chinatown / Mount Vernon Square / Penn Quarter, DC
$525,000
-13.2%
United States
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How hot is the Chinatown / Mount Vernon Square / Penn Quarter housing market?
Chinatown / Mount Vernon Square / Penn Quarter is not very competitive. Homes sell in 88.5 days.
0
100
27
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Multiple offers are rare.
The average homes sell for about 2% below list price and go pending in around 89 days.
Hot homes
can sell for around list price and go pending in around 51 days.
Schools in Chinatown / Mount Vernon Square / Penn Quarter
Learn about schools in the Chinatown / Mount Vernon Square / Penn Quarter area
Elementary
Middle
High
GreatSchools Rating
7/10
Thomson Elementary School
Public • PreK-5
297
Students
14 reviews
4/10
Walker-Jones Education Campus
Public • PreK-8
389
Students
4 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Chinatown / Mount Vernon Square / Penn Quarter housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Chinatown / Mount Vernon Square / Penn Quarter.
Flood Factor
We’re working on getting current and accurate flood risk information
Fire Factor
<1% of properties are at risk of wildfire over the next 30 years
Wind Factor
Chinatown / Mount Vernon Square / Penn Quarter has minimal risk of severe winds over the next 30 years
Heat Factor
We’re working on getting current and accurate heat risk information
Provided by First Street Foundation
More real estate resources for Chinatown / Mount Vernon Square / Penn Quarter
New Listings in Chinatown / Mount Vernon Square / Penn Quarter