An analysis of real estate sales this year by the Washington Post found that the metro area is having one of its strongest years since the housing boom ended in 2008, with Prince George’s County showing the highest year-over-year growth in median sales price.
“Prince George’s County continues to be one of the more affordable places to buy a home even as its median price grew substantially to $260,000, which is up $21,000 from November 2015,” notes the Post.
That was a higher year-over-year growth than locales such as Falls Church, Alexandria and Fairfax. Some farther-away places in Virginia such as Manassas and Frederick County showed high year-over-year growth, but they are much longer commutes for people who work in D.C.
Hyattsville has also received positive notice for having affordable housing in an “urban-style destination with new housing options, shops, restaurants, cafes, a community center, walking trails and pocket parks.”
“Moving across the District line into Prince George’s County can make a big difference in the price of real estate, and so can the willingness to embrace living in less space,” notes a second story about a historic bungalow for sale for just $315,000.