We purchased almost exactly a year ago. When househunting then, we learned that if you are looking for renovated homes, which both of those appear to be, then GENERALLY speaking yes, it will be above 500k even in up & coming neighborhoods. I don’t think this is a new development by any means, DC prices have been this way the last few years and our realtors managed our expectations well in this regard fortunately.
If you are open to un-renovated homes or homes that are good but need some work, you can definitely still find lovely homes under 500. And, every now and then you can find renovated ones under 500, it is just rarer – you likely need to go a mile or so away from a metro station.
Good luck – more and more will come on the market as we near summer, and pricing may become more competetive then due to the increase in number of available properties.