$10,000 Closing Credit*
$1,495,000
3,112 SqFt
3 Beds
•3 Full Baths, 1 Partial
Amanda J Provost, Listing Office: Compass
Is North Cleveland Park / Forest Hills / Van Ness, 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, North Cleveland Park / Forest Hills / Van Ness has remained a Seller's Market.
Key Takeaway
North Cleveland Park / Forest Hills / Van Ness is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Cleveland Park / Forest Hills / Van Ness, DC
How much do homes in North Cleveland Park / Forest Hills / Van Ness, DC cost?
Median Sold Price
$982,500
$511/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$237,500(+31.9%)
Key Takeaway
Homes in North Cleveland Park / Forest Hills / Van Ness have sold for 31.9% more than they did a year ago.
Summary: The median home sold price in North Cleveland Park / Forest Hills / Van Ness was $982,500 in November 2024, up 31.9% from last year, and the median price per square foot was $511.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $322.5K | $295K | -8.5% |
| 2 Bedrooms | $537.5K | $525K | -2.3% |
| 3 Bedrooms | $1.2M | $1.3M | +2.0% |
| 4 Bedrooms | $1.5M | $1.7M | +15.8% |
| 5+ Bedrooms | $2.2M | $2.1M | -4.6% |
Summary: North Cleveland Park / Forest Hills / Van Ness housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.5%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Neighborhoods
| North Cleveland Park / Forest Hills / Van Ness | $745K | $982.5K | +31.9% |
| Cleveland Park | $480.5K | $590K | +22.8% |
| Forest Hills | $538.7K | $582.5K | +8.1% |
| North Cleveland Park | $1.3M | $1.3M | 0.0% |
Housing Supply in North Cleveland Park / Forest Hills / Van Ness, DC
How many homes are available in North Cleveland Park / Forest Hills / Van Ness, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 42 | +2.4% |
Summary: The North Cleveland Park / Forest Hills / Van Ness real estate market had 42 homes for sale in November 2024, a 2.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The North Cleveland Park / Forest Hills / Van Ness housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
8 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 North Cleveland Park / Forest Hills / Van Ness, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in North Cleveland Park / Forest Hills / Van Ness in November 2024, down by 15.4% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for North Cleveland Park / Forest Hills / Van Ness, DC
How long does it take to sell a home in North Cleveland Park / Forest Hills / Van Ness, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 31 Days | -45.9% |
Summary: Homes in North Cleveland Park / Forest Hills / Van Ness had an average of 31 days on market in Nov 2024, down by 45.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Cleveland Park / Forest Hills / Van Ness are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in North Cleveland Park / Forest Hills / Van Ness; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
