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Sales Down, Prices Way Up: The Mt. Pleasant Housing Market, By The Numbers

  • September 17th 2024

by UrbanTurf Staff

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Homes in Mount Pleasant.

UrbanTurf continues its annual look at the neighborhood housing markets around the DC region as we head over to Mount Pleasant. 

Like many other neighborhoods around the region in 2024, home sales are down in the DC neighborhood just to the north of Adams Morgan. And that drop may have as much to do with the trajectory of home prices this year, as it does with high mortgage rates. 

Home prices are up nearly 50% in Mount Pleasant this year, driven by rising prices for condos and co-ops (+24%) and three-bedroom rowhomes (+46%). As a result of these increasing prices and lower sales, the inventory of homes for sale in the neighborhood is up 30% year-over-year. 

Below are some interesting statistics we picked out about the Mount Pleasant market in 2024.

  • $1.047 million -- The median price for a home sold in Mount Pleasant, up 49% compared to last year.
  • $635,000 -- The average price for a condo or co-op, up 24% compared to last year.
  • 64 -- The number of homes sold this year, down 24% year-over-year.
  • 102% -- The average sales price to original list price ratio for homes sold in 2024.

This article originally published at https://dc.urbanturf.com/articles/blog/sales_down_prices_way_up_the_mt_pleasant_housing_market_by_the_numbers/22721.

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