Is Park View, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Park View has remained a Buyer's Market.
Key Takeaway
Park View is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Park View, DC
How much do homes in Park View, DC cost?
Median Sold Price
$775,000
$450/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Park View have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Park View was $775,000 in March 2024, up 9.3% from last year, and the median price per square foot was $450.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $368.9K | $362K | -1.9% |
| 2 Bedrooms | $625K | $613K | -1.9% |
| 3 Bedrooms | $810K | $775K | -4.3% |
| 4 Bedrooms | $862.5K | $895K | +3.8% |
| 5+ Bedrooms | $900K | $1.0M | +11.1% |
Summary: Park View housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Park View | $709.2K | $775K | +9.3% |
| Columbia Heights / Park View | $700K | $725K | +3.6% |
| Pleasant Plains / LeDroit Park | $737.8K | $730.5K | -1.0% |
| Columbia Heights | $698.5K | $654.9K | -6.2% |
Housing Supply in Park View, DC
How many homes are available in Park View, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 220 | 223 | +1.4% |
Summary: The Park View real estate market had 223 homes for sale in March 2024, a 1.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 20 | 0.0% |
| 2 Bedrooms | 56 | 57 | +1.8% |
| 3 Bedrooms | 88 | 86 | -2.3% |
| 4 Bedrooms | 41 | 44 | +7.3% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Park View housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Park View, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Park View in March 2024, down by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Park View, DC
How long does it take to sell a home in Park View, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 30 Days | +50.6% |
Summary: Homes in Park View had an average of 30 days on market in Mar 2024, up by 50.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Park View are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Park View; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
