$4,156 Closing Credit*
$350,000
774 SqFt
1 Bed
•1 Full Bath
Casey C Aboulafia, Listing Office: Compass
Is Cathedral / McLean Gardens, 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 / McLean Gardens has remained a Seller's Market.
Key Takeaway
Cathedral / McLean Gardens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cathedral / McLean Gardens, DC
How much do homes in Cathedral / McLean Gardens, DC cost?
Median Sold Price
$469,250
$483/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$55,750(-10.6%)
Key Takeaway
Homes in Cathedral / McLean Gardens have sold for 10.6% less than they did a year ago.
Summary: The median home sold price in Cathedral / McLean Gardens was $469,250 in November 2024, down 10.6% from last year, and the median price per square foot was $483.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $317K | -0.9% |
| 2 Bedrooms | $600K | $580K | -3.3% |
| 3 Bedrooms | $880K | $715K | -18.8% |
| 4 Bedrooms | $1.3M | $1.7M | +29.6% |
| 5+ Bedrooms | $2.1M | $3.9M | +85.4% |
Summary: Cathedral / McLean Gardens housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes increased by 85.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Northwest | $749.9K | $790.1K | +5.4% |
| Cathedral / McLean Gardens | $525K | $469.2K | -10.6% |
| Cathedral Heights | $510K | $372.5K | -27.0% |
Housing Supply in Cathedral / McLean Gardens, DC
How many homes are available in Cathedral / McLean Gardens, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 45 | +7.1% |
Summary: The Cathedral / McLean Gardens real estate market had 45 homes for sale in November 2024, a 7.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 21 | +5.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Cathedral / McLean Gardens housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 7.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
7 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 / McLean Gardens, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Cathedral / McLean Gardens in November 2024, up by 66.7% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for Cathedral / McLean Gardens, DC
How long does it take to sell a home in Cathedral / McLean Gardens, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 29 Days | +4.4% |
Summary: Homes in Cathedral / McLean Gardens had an average of 29 days on market in Nov 2024, up by 4.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cathedral / McLean Gardens are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Cathedral / McLean Gardens; 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.
