$5,213 Closing Credit*
$439,000
707 SqFt
1 Bed
•1 Full Bath
Bret Nida, Listing Office: Redfin Corporation
Is Cleveland Park, 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, Cleveland Park has remained a Seller's Market.
Key Takeaway
Cleveland Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cleveland Park, DC
How much do homes in Cleveland Park, DC cost?
Median Sold Price
$590,000
$561/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$109,500(+22.8%)
Key Takeaway
Homes in Cleveland Park have sold for 22.8% more than they did a year ago.
Summary: The median home sold price in Cleveland Park was $590,000 in November 2024, up 22.8% from last year, and the median price per square foot was $561.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $337.5K | +5.5% |
| 2 Bedrooms | $580K | $582.5K | 0.4% |
| 3 Bedrooms | $795K | $1.3M | +72.4% |
| 4 Bedrooms | $1.8M | $1.8M | 0.0% |
| 5+ Bedrooms | $2.9M | $2.8M | -3.6% |
Summary: Cleveland Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 72.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Woodley Park | $606.2K | $1.7M | +190.7% |
| Cleveland Park | $480.5K | $590K | +22.8% |
| Northwest | $749.9K | $790.1K | +5.4% |
| Cathedral / McLean Gardens | $525K | $469.2K | -10.6% |
Housing Supply in Cleveland Park, DC
How many homes are available in Cleveland Park, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 25 | -21.9% |
Summary: The Cleveland Park real estate market had 25 homes for sale in November 2024, a 21.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 10 | -37.5% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Cleveland Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cleveland Park, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Cleveland Park in November 2024, down by 41.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Cleveland Park, DC
How long does it take to sell a home in Cleveland Park, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 55 Days | +109.1% |
Summary: Homes in Cleveland Park had an average of 55 days on market in Nov 2024, up by 109.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cleveland Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Cleveland Park; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
