What a $1M Home Looks Like in Washington, D.C. and Northern Virginia
Our team compiled active home listings priced between $995,000 and $1,100,000 across Washington, D.C. and Northern Virginia to compare price per square foot, layout, and neighborhood value.
Have you ever been curious as to what a million dollars will buy you in the Washington, D.C. area? Our team (Dianne, Jan & Dan) compiled a list of active home listings priced between $995,000 and $1,100,000 across Washington, D.C. and Northern Virginia. We included the listing price, square footage, price per square foot, and bedroom/bathroom count.
Even though million dollar listings have become very common across the District and its close-in suburbs, what you get for a million dollars varies tremendously depending on what neighborhood you choose to call home.
D.C. Urban Core vs Northern Virginia Suburbs
In high-density historic D.C. enclaves like Dupont Circle, Georgetown, and Logan Circle, $1,000,000 typically buys a luxury 2-bedroom condominium or historic row house spanning 960 to 1,800 square feet, with price per square foot ranging from $600 to over $1,000 per sq ft.
Conversely, heading into Northern Virginia suburbs like Reston, Great Falls, and Alexandria expands your purchasing power dramatically. A $1.1M home in Great Falls or Reston yields 3,600+ square feet of living space, 4 to 5 bedrooms, 4 bathrooms, and private yards at under $320 per square foot.
Comparative $1M Market Ledger
Location | List Price | Beds / Baths | Square Feet | Price / Sq Ft |
|---|---|---|---|---|
Reston, VA | $1,100,000 | 5 | 4 | 3,690 sq ft | $298 / sq ft |
Great Falls, VA | $1,100,000 | 4 | 4 | 3,632 sq ft | $317 / sq ft |
McLean, VA | $999,500 | 5 | 3 | 2,922 sq ft | $342 / sq ft |
Alexandria, VA | $1,019,000 | 4 | 3 | 2,400 sq ft | $425 / sq ft |
Mount Pleasant, D.C. | $995,000 | 4 | 2 | 1,750 sq ft | $569 / sq ft |
Kalorama, D.C. | $1,059,900 | 2 | 2 | 1,845 sq ft | $574 / sq ft |
Arlington, VA | $998,900 | 5 | 3 | 1,656 sq ft | $603 / sq ft |
Georgetown, D.C. (A) | $1,049,000 | 2 | 2 | 1,734 sq ft | $605 / sq ft |
Logan Circle, D.C. | $1,095,000 | 2 | 2 | 1,712 sq ft | $640 / sq ft |
Shaw, D.C. | $1,049,999 | 4 | 3 | 1,616 sq ft | $650 / sq ft |
Capitol Hill, D.C. | $1,025,000 | 3 | 2 | 1,510 sq ft | $679 / sq ft |
Arlington, VA (B) | $1,050,000 | 4 | 3 | 1,344 sq ft | $781 / sq ft |
Dupont Circle, D.C. | $1,099,900 | 2 | 2 | 1,210 sq ft | $909 / sq ft |
Georgetown, D.C. (B) | $1,049,000 | 2 | 2 | 961 sq ft | $1,092 / sq ft |
Featured $1M Neighborhood Listings
Arlington, Virginia
Arlington, Virginia (Listing B)
Alexandria, Virginia
Capitol Hill, SE (D.C.)
Dupont Circle, NW (D.C.)
Georgetown, D.C. (Listing A)
Georgetown, D.C. (Listing B)
Great Falls, Virginia
Kalorama, NW (D.C.)
Logan Circle, NW (D.C.)
McLean, Virginia
Mount Pleasant, NW (D.C.)
Reston, Virginia
Shaw, NW (D.C.)
Key Takeaways for $1M Home Buyers
Understanding location trade-offs allows buyers to maximize their investment priority:
- Space Seekers: Reston, Great Falls, and McLean offer the largest interior square footage (2,900 to 3,690 sq ft) and lot sizes for under $350 per square foot.
- Commuter Convenience: Arlington and Alexandria provide single-family options closer to D.C. with 1,300 to 2,400 sq ft at $425 to $781 per square foot.
- Urban Walkability: Historic D.C. neighborhoods trade interior yard space for urban culture, with 2-to-4 bedroom homes ranging from $569 to $1,092 per square foot.
FAQs
What is the average price per square foot for a $1M home in Washington D.C.?
In central Washington D.C. neighborhoods (such as Georgetown, Dupont Circle, and Logan Circle), $1M homes average $600 to $1,090+ per square foot.
How much square footage do you get for $1M in Northern Virginia?
In Northern Virginia suburbs like Reston and Great Falls, $1.1M yields 3,600+ square feet of living space, whereas close-in suburbs like Arlington yield 1,300 to 1,650 square feet.
Which Northern Virginia suburbs offer the most space for $1M?
Reston, Great Falls, and McLean offer the highest square footage per dollar, with homes ranging from 2,900 to nearly 3,700 square feet.
Ready to Explore Washington D.C. & Northern Virginia Real Estate?
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