The Mount Pleasant Housing Market Steps on the Gas
A home in Mount Pleasant.
As part of UrbanTurf’s continuing coverage of the path that DC area home prices have taken in various neighborhoods, we have shifted from an eight-year analysis to a year-to-date snapshot. This week’s edition of Home Price Watch will examine how prices in Mount Pleasant have fared this year compared to the first half of 2015.
One of the main takeaways is that homes continue to sell quickly in the northwest DC neighborhood that sits adjacent to Rock Creek Park. Homes are selling 24 percent faster than last year, with 61 percent of homes selling within ten days of being listed.
As homes have sold quicker, list prices have risen. The average listing price for a home in the neighborhood increased from $545,437 in 2015 to $650,475 in 2016, a 19 percent jump. The number of homes sold in Mount Pleasant increased five percent compared to last year, as dollar sales volume shot up 24 percent to just north of $56 million.
story continues below
loading...story continues above
All of the statistics above point to the Mount Pleasant market continuing to be competitive, along with a statistic highlighted by UrbanTurf last week: Right now, there is just a one month supply of homes on the market in the neighborhood.
Housing data for the legal subdivision of Mount Pleasant for this article was provided by RealEstate Business Intelligence.
See other articles related to: home price watch, mount pleasant, mount pleasant home prices, rbi, realestate business intelligence
This article originally published at https://dc.urbanturf.com/articles/blog/home_price_watch_25_percent_fewer_days_mt_pleasant/11426.
Most Popular... This Week • Last 30 Days • Ever
Back in 2022, the DC Zoning Commission gave the green light to a large mixed-use deve... read »
Opening for sales this spring, The Brownstones at Westbard Square will feature 101 ne... read »
Donohoe presented plans on Thursday evening for a new multi-family residential projec... read »
Even with two large apartment buildings delivering in Northern Virginia's National L... read »
The main story for the DC region's housing market in February was the supply of homes... read »
- Raze Application Looks To Pave Way For 700-Unit Development in Brookland
- Coming Soon: New EYA Brownstones at Westbard Square in Bethesda
- Early Plans Unveiled For 130-Unit Development in Friendship Heights
- 3 Down, 7 To Go: A Look At The Thousands of Units Coming to National Landing
- The Return of Supply And Four Other Interesting Stats From The February Housing Market
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro