Is Glover Park, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Glover Park has remained a Seller's Market.
Key Takeaway
Glover Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glover Park, DC
How much do homes in Glover Park, DC cost?
Median Sold Price
$460,000
$588/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Glover Park have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Glover Park was $460,000 in April 2024, down 3.1% from last year, and the median price per square foot was $588.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289K | $310K | +7.3% |
| 2 Bedrooms | $489.9K | $576.2K | +17.6% |
| 3 Bedrooms | $1.2M | $1.2M | +1.4% |
| 4 Bedrooms | $1.4M | $1.4M | +1.2% |
| 5+ Bedrooms | $1.9M | $1.3M | -29.5% |
Summary: Glover Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 29.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Burleith / Hillandale | $1.7M | $1.7M | -0.9% |
| Glover Park | $474.9K | $460K | -3.1% |
| Observatory Circle | $2.9M | $1.6M | -46.6% |
| Observatory Circle / Woodland Normanstone | $2.9M | $1.6M | -46.6% |
Housing Supply in Glover Park, DC
How many homes are available in Glover Park, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Summary: The Glover Park real estate market had 26 homes for sale in April 2024, a 3.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 9 | -18.2% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 5 | 1 | -80.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Glover Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 80%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glover Park, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Glover Park in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Glover Park, DC
How long does it take to sell a home in Glover Park, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 17 Days | +91.5% |
Summary: Homes in Glover Park had an average of 17 days on market in Apr 2024, up by 91.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glover Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Glover Park; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
