$4,156 Closing Credit*
$350,000
774 SqFt
1 Bed
•1 Full Bath
Casey C Aboulafia, Listing Office: Compass
Is Cathedral Heights, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Cathedral Heights has remained a Seller's Market.
Key Takeaway
Cathedral Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cathedral Heights, DC
How much do homes in Cathedral Heights, DC cost?
Median Sold Price
$372,500
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$137,500(-27.0%)
Key Takeaway
Homes in Cathedral Heights have sold for 27% less than they did a year ago.
Summary: The median home sold price in Cathedral Heights was $372,500 in November 2024, down 27% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $295K | 0.0% |
| 2 Bedrooms | $618K | $607.2K | -1.7% |
| 3 Bedrooms | $925K | $969K | +4.8% |
| 4 Bedrooms | $1.9M | $1.8M | -3.0% |
| 5+ Bedrooms | $2.1M | $4.6M | +121.9% |
Summary: Cathedral Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 121.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Glover Park | $450K | $495K | +10.0% |
| Cathedral / McLean Gardens | $525K | $469.2K | -10.6% |
| Cathedral Heights | $510K | $372.5K | -27.0% |
Housing Supply in Cathedral Heights, DC
How many homes are available in Cathedral Heights, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 35 | +6.1% |
Summary: The Cathedral Heights real estate market had 35 homes for sale in November 2024, a 6.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 15 | +15.4% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Cathedral Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cathedral Heights, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Cathedral Heights in November 2024, up by 200.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Cathedral Heights, DC
How long does it take to sell a home in Cathedral Heights, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 27 Days | -18.3% |
Summary: Homes in Cathedral Heights had an average of 27 days on market in Nov 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
5 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 Cathedral Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Cathedral Heights; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
