WASHINGTON — If clicks, likes and follows are any indication, D.C.’s Mount Pleasant Neighborhood will be one of the nation’s hottest housing neighborhoods this year, coming in at No. 5 on Redfin‘s new list.
Redfin ranked neighborhoods based on page views, homes that users favorited to monitor for price and status changes, median selling prices, how quickly properties are selling, and the prevalence of bidding wars among buyers.
The median selling price in Mount Pleasant is now $760,000, and condos and row houses are selling in an average of just seven days.
“Mount Pleasant has it all,” said Redfin’s Roy Obletz. “The charming, Wardman-style town homes tend to be larger than row houses in other parts of the city, and most have alley access with parking. The market has been hot for the past few years and it shows no signs of slowing down. Bidding wars are the standard.”
Sellers in Mount Pleasant now get an average of 3.4 percent more than their listing price.
Considering just neighborhoods in the District, Redfin says 16th Street Heights will also be hot this year, where the median price is now $535,000 and properties sell in an average of 19 days. The average sale-to-list in 16th Street Heights is currently 100.4 percent.
Ranking above Mount Pleasant on Redfin’s list of the hottest neighborhoods for 2016 are Chicago’s Ukrainian Village, Nashville’s Eastwood, Minneapolis’ Ericsson and Austin’s Hyde Park.
You can see Redfin’s entire list of this year’s hottest residential real estate markets across the country here.
Look below for the national rank of the nation’s hottest neighborhoods.
