$10,000 Closing Credit*
$1,850,000
3,542 SqFt
5 Beds
•3 Full Baths, 1 Partial
Michael A Halpert, Listing Office: RE/MAX Realty Group
Is Friendship Heights / American University Park / Tenleytown, 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, Friendship Heights / American University Park / Tenleytown has remained a Seller's Market.
Key Takeaway
Friendship Heights / American University Park / Tenleytown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Friendship Heights / American University Park / Tenleytown, DC
How much do homes in Friendship Heights / American University Park / Tenleytown, DC cost?
Median Sold Price
$1,364,000
$625/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$121,000(+9.7%)
Key Takeaway
Homes in Friendship Heights / American University Park / Tenleytown have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Friendship Heights / American University Park / Tenleytown was $1,364,000 in November 2024, up 9.7% from last year, and the median price per square foot was $625.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $470K | +4.4% |
| 2 Bedrooms | $915K | $934K | +2.1% |
| 3 Bedrooms | $1.2M | $1.2M | -1.4% |
| 4 Bedrooms | $1.3M | $1.6M | +19.9% |
| 5+ Bedrooms | $2.0M | $1.9M | -4.2% |
Summary: Friendship Heights / American University Park / Tenleytown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Neighborhoods
| American University Park | $1.4M | $1.5M | +10.7% |
| Friendship Heights / American University Park / Tenleytown | $1.2M | $1.3M | +9.7% |
| Friendship Heights | $1.1M | $1.1M | +9.0% |
| North Cleveland Park | $1.3M | $1.3M | 0.0% |
Housing Supply in Friendship Heights / American University Park / Tenleytown, DC
How many homes are available in Friendship Heights / American University Park / Tenleytown, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Summary: The Friendship Heights / American University Park / Tenleytown real estate market had 26 homes for sale in November 2024, a 10.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Friendship Heights / American University Park / Tenleytown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Friendship Heights / American University Park / Tenleytown, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Friendship Heights / American University Park / Tenleytown in November 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Friendship Heights / American University Park / Tenleytown, DC
How long does it take to sell a home in Friendship Heights / American University Park / Tenleytown, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 22 Days | -27.5% |
Summary: Homes in Friendship Heights / American University Park / Tenleytown had an average of 22 days on market in Nov 2024, down by 27.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Friendship Heights / American University Park / Tenleytown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Friendship Heights / American University Park / Tenleytown; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
