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A Look at the Mount Pleasant Housing Market, By the Numbers

by UrbanTurf Staff

A home sold in Mount Pleasant in May.

With the spring housing market underway, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today, we head over to Mount Pleasant.

While perhaps not as competitive as past years, the market in Mount Pleasant remains brisk. Home prices were up 18 percent in 2020 compared to the same period last year and large rowhouses, one of the neighborhood's more coveted property types, saw prices rise 8 percent. While buyer activity dropped off in April, low inventory will likely mean that the neighborhood is pretty competitive in the coming months. 

  • $720,000 -- The median price for homes sold in 2020 in Mount Pleasant, up 18 percent from the first half of 2019.
  • $1.326 million -- The average sales price for a rowhouse with 4+ bedrooms, up 8 percent from 2019.
  • 63% -- The percentage of homes that sold in ten days or less this year. 
  • 1.22 -- The contract ratio (the total number of homes under contract in a given period to the overall number of active listings) in the first quarter of 2020.
  • 19 days -- The supply of homes on the market for the first quarter of 2020.

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This article originally published at http://dc.urbanturf.com/articles/blog/a-look-at-the-mount-pleasant-housing-market-by-the-numbers/16910

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