What's Hot: Barnes and Noble Returns To Georgetown Next Week | How An Unmarried Couple Buys A Home Together
Home Price Watch: Prices Rise 16 Percent in Dupont Circle
✉️ Want to forward this article? Click here.
Inside a condo on New Hampshire Avenue
This week in Home Price Watch, UrbanTurf heads to Dupont Circle, where all metrics are pointing to a pretty hot year for the neighborhood market.
The median sales price of homes rose 16.5 percent from last year, for $373,500 to $435,000 and the overall sold dollar volume is up 8 percent to $37.8 million. Three-bedroom homes in the neighborhood saw the largest price increase, rising almost 20 percent to a median of $1.4 million.
story continues below
loading...story continues above
Compared to 2014, homes are flying off the market in Dupont Circle this year. The average days on market is 18, 33 percent lower than the 27 days at this point last year. Forty of the 67 homes listed this year went under contract within ten days of being listed, and not one home has sat on the market for longer than three months.
The last statistic that is a telling indicator of the health of the market is the average sold price to original list price ratio for the neighborhood, which currently sits at 100.3 percent for the year.
UrbanTurf used data on the advertised Dupont Circle subdivision from real estate data firm RealEstate Business Intelligence for this article.
Similar Posts:
- Home Price Watch: Up In Michigan Park
- Home Price Watch: The Neighborhood Where You Will Pay Above Asking
- Home Price Watch: The 35 Percent Increase in Anacostia
- Home Price Watch: A Good Year for AU Park
- Home Price Watch: Woodridge Prices Shoot Up 20 Percent
- Home Price Watch: The Very Fast Moving Market of Logan Circle
- Home Price Watch: Home Prices in LeDroit Park Increase 14 Percent
- Home Price Watch: Prices Edge up Slightly in Palisades
- Home Price Watch: Prices Jump 13 Percent in Brightwood
- Home Price Watch: Trinidad, Where Prices Jumped 7 Percent
- Home Price Watch: Eckington, Where Median Prices Jumped 19 Percent
- Home Price Watch: The Very Active Housing Market in Columbia Heights
- Home Price Watch: Cash is King in Georgetown
See other articles related to: dupont circle, dupont circle home prices, home price watch
This article originally published at https://dc.urbanturf.com/articles/blog/home_price_watch_dupont_circle_high_neighborhood/10390.
Most Popular... This Week • Last 30 Days • Ever
Estate taxes, also known as inheritance taxes or death duties, are taxes imposed on t... read »
In this article, UrbanTurf will explore the considerations and steps involved in buyi... read »
The most expensive home to sell in the DC region in years closed on Halloween for an ... read »
Paradigm Development Company has plans in the works to build a 12-story, 110-unit con... read »
The map and text amendment applications that were filed with the Commission last Octo... read »
- What Are Estate Taxes and How Do They Work?
- How An Unmarried Couple Buys a Home Together
- The Cliffs in McLean Sells For $25.5 Million, Highest Home Sale In DC Area In Years
- 110-Unit Condo Project Planned in Alexandria Coming Into Focus
- The Zones That Could Lead To More Development in Chevy Chase Set To Go Before Zoning Commission
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