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Washington’s median home price drops to $700K

Washington’s median home price drops to $700K

In Washington, home to the Village of Millbrook, many luxury properties are hidden from view. Only a stone entrance marks the property at 644-672 Tower Hill Road, where a six-bedroom home sold for $2.3 million in April.

Photo by Christine Bates

WASHINGTON — The median price of a single-family home in the Town of Washington and Village of Millbrook fell to $700,000 on a 12-month trailing basis at the end of April.

The $700,000 median was 21% lower than the $890,000 median recorded for the 12 months ending April 30, 2025, but 42% higher than the $492,500 median recorded for the comparable period ending April 30, 2024. Washington’s 12-month trailing median reached an historic high of $900,000 for the period ending February 2025.

Sales activity remained subdued. Since early 2022, annual single-family home sales in Washington have remained at relatively low levels. A total of 35 homes sold during the 12 months ending April 30, 2026; 37 sales during the previous 12-month period; and 24 sales during the 12 months ending April 30, 2024.

The market’s most active period came during the pandemic-era housing boom, when 64 single-family homes sold during the 12 months ending October 2021.

Inventory increased as the spring selling season gained momentum. By the end of May, 32 residential properties were listed for sale, up from 25 in mid-April. The inventory included single-family homes, condominiums and multifamily properties.

The market was divided into four distinct price tiers. Four properties were listed above $5 million, 11 were priced between $1 million and $5 million, and 14 were offered between $500,000 and $1 million. Two newly listed properties were priced below $500,000.

Eight homes on the market were listed below the current trailing median price of $700,000, providing relatively few options for buyers seeking properties at or below the market’s midpoint price.

Five parcels of land are listed for sale on the MLS, with four of them priced near or above $1 million. The commercial market also remains active, with four properties and two businesses for sale and three offices for rent.

April sales

644-672 Tower Hill Road — 6 bedroom/5 bath/3-half bath 6,100 square foot home sold on April 7, 2026, for $2.3 million.

121 Valley Farm Road — 4 bedroom/2 bath/2 half bath home on 7 acres sold on April 7, 2026 for $2.3 million.

20 Orchard Hill Drive — 7 bedroom/6.5 bath on 12.62 acres sold on April 24, 2026, for $2.65 million.

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