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Almost Always Above Asking: The AU Park Housing Market, By the Numbers

  • May 2nd 2022

by UrbanTurf Staff

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A home in AU Park. 

With the spring housing market underway, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today, we head to American University Park. 

Here is a statistic that may tell you everything you need to know about the upper NW housing market of AU Park: nearly every house sold in the neighborhood this year went for above the original asking price. This is the case despite home prices rising nearly 19% year to year. Home sales are down notably in the neighborhood in 2022, like many other places in DC, and that is likely attributable to a paltry three-week supply of homes on the market. 

  • 105% -- The average sales price to original list price ratio for homes that sold this year in AU Park. 
  • $1.496 million -- The median sales price for a home in AU Park.
  • 21 days -- The supply of homes for sale in March. 
  • 1.83 -- The contract ratio for AU Park in March.

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This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/almost-always-above-asking-the-au-park-housing-market-by-the-numbers/19595.

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