Home | Newsletter | Advertise
loading...

The Mount Pleasant Housing Market Steps on the Gas

  • July 5, 2016

by Nena Perry-Brown

The Mount Pleasant Housing Market Steps on the Gas: Figure 1
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.

The Mount Pleasant Housing Market Steps on the Gas: Figure 2
Mount Pleasant housing market statistics. Click to enlarge.

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.

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.

This article originally published at http://dc.urbanturf.com/articles/blog/home_price_watch_25_percent_fewer_days_mt_pleasant/11426

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. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse