$10,000 Closing Credit*
$1,820,000
3,312 SqFt
5 Beds
•3 Full Baths, 1 Partial
Kelly K Virbickas, 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 October 2023
At the same time last year, Cathedral Heights was a Seller's Market.
Key Takeaway
Cathedral Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cathedral Heights, DC
How much do homes in Cathedral Heights, DC cost?
Median Sold Price
$375,000
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$100,000(-21.1%)
Key Takeaway
Homes in Cathedral Heights have sold for 21.1% less than they did a year ago.
Summary: The median home sold price in Cathedral Heights was $375,000 in October 2024, down 21.1% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $302K | -1.0% |
| 2 Bedrooms | $618K | $530K | -14.2% |
| 3 Bedrooms | $1.0M | $969K | -9.7% |
| 4 Bedrooms | - | $1.9M | N/A |
| 5+ Bedrooms | $2.1M | $4.6M | +121.9% |
Summary: Cathedral Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes decreased by 14.2%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 121.9%.
Median Sold Price Compared To Nearby Neighborhoods
| McLean Gardens | $525K | $574.4K | +9.4% |
| Glover Park | $470K | $495K | +5.3% |
| Cathedral / McLean Gardens | $522.5K | $478K | -8.5% |
| Cathedral Heights | $475K | $375K | -21.1% |
Housing Supply in Cathedral Heights, DC
How many homes are available in Cathedral Heights, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 42 | +20.0% |
Summary: The Cathedral Heights real estate market had 42 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 18 | 0.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Cathedral Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cathedral Heights, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Cathedral Heights in October 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 77 Days | 11 Days | -85.4% |
Summary: Homes in Cathedral Heights had an average of 11 days on market in Oct 2024, down by 85.4% compared to last year.
Breakdown of Home Sale Times
3 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 Cathedral Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Cathedral Heights; 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.
