Is North Cleveland 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, North Cleveland Park has remained a Seller's Market.
Key Takeaway
North Cleveland Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Cleveland Park, DC
How much do homes in North Cleveland Park, DC cost?
Median Sold Price
$1,377,500
$561/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Cleveland Park have sold for 17.2% more than they did a year ago.
Summary: The median home sold price in North Cleveland Park was $1,377,500 in April 2024, up 17.2% from last year, and the median price per square foot was $561.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $310K | +5.1% |
| 2 Bedrooms | $420K | $480K | +14.3% |
| 3 Bedrooms | $1.2M | $1.3M | +12.6% |
| 4 Bedrooms | $1.5M | $1.6M | +6.4% |
| 5+ Bedrooms | $2.3M | $1.5M | -34.9% |
Summary: North Cleveland Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 34.9%.
Median Sold Price Compared To Nearby Neighborhoods
| North Cleveland Park | $1.1M | $1.3M | +17.2% |
| Tenleytown | $1.1M | $1.0M | -5.8% |
| Forest Hills | $650K | $560K | -13.8% |
| North Cleveland Park / Forest Hills / Van Ness | $1.0M | $720K | -33.9% |
Housing Supply in North Cleveland Park, DC
How many homes are available in North Cleveland Park, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The North Cleveland Park real estate market had 11 homes for sale in April 2024, a 8.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 2 | 0 | -100.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The North Cleveland Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Cleveland Park, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in North Cleveland Park in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for North Cleveland Park, DC
How long does it take to sell a home in North Cleveland Park, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 7 Days | -77.9% |
Summary: Homes in North Cleveland Park had an average of 7 days on market in Apr 2024, down by 77.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Cleveland Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in North Cleveland Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
