Home Price Watch: American University Park, Where Homes Are Selling Above Asking
✉️ Want to forward this article? Click here.

A home under contract in AU Park.
In this week’s Home Price Watch, UrbanTurf looks at American University Park, where home prices have risen about 4 percent so far in 2014. In examining the neighborhood’s market, UrbanTurf used segmented data from real estate data firm RealEstate Business Intelligence (RBI), which shows a year-over-year snapshot in the legal AU Park subdivision between January-June 2013 and January-June 2014.
AU Park sits west of Tenleytown, and gets its name from nearby American University. The neighborhood is between Massachusetts Avenue to the southwest, Nebraska Avenue to the southeast, Wisconsin Avenue to the northeast and Western Avenue to the northwest.
The numbers out of AU Park in 2014 show a small but increasingly valuable market. The median price of a home has risen about 4 percent year-over-year, from $890,000 to $925,000, and on average, homes are selling for above their asking price, which we noted in a feature earlier this week. As a percentage of the original list price compared to the sales price, AU Park’s homes are actually going further above asking, on average, than homes in any other neighborhood in the city.
A few more takeaways from the AU Park data:
- On average, homes are spending a little longer on the market in 2014. Days on market went from 12 in 2013 to 17 this year. But a majority of the homes sold this year went under contract in the first 10 days that they were on the market.
- In 2013, homes were selling for even higher above their asking prices than in 2014. Though homes in AU Park still have the highest original list price-to-sold price ratio in the city, that ratio’s actually gone down 1.9 percent in 2014.
Check out the other neighborhoods we’ve covered in Home Price Watch here.
See other articles related to: american university park, au park, home price watch
This article originally published at https://dc.urbanturf.com/articles/blog/home_price_watch_american_university_park_where_homes_are_selling_above_ask/8839.
Most Popular... This Week • Last 30 Days • Ever

The president is looking to support a bill that would eliminate the tax.... read »

When you buy a home in the District, you will have to pay property taxes along with y... read »

In this article, UrbanTurf explores what renters insurance is and what it covers.... read »

Even as the housing market has slowed this year in the DC region, there are still ple... read »

1834 16th Street NW was originally designed by one of the most influential architects... read »
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