$8,311 Closing Credit*
$699,900
1,606 SqFt
4 Beds
•2 Full Baths, 1 Partial
Moises Lazo-Salmeron, Listing Office: Fairfax Realty Premier
Is Park View, 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, Park View was a Seller's Market.
Key Takeaway
Park View is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Park View, DC
How much do homes in Park View, DC cost?
Median Sold Price
$750,000
$449/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$30,000(-3.8%)
Key Takeaway
Homes in Park View have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Park View was $750,000 in October 2024, down 3.8% from last year, and the median price per square foot was $449.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $372.4K | $295K | -20.8% |
| 2 Bedrooms | $612.5K | $674.9K | +10.2% |
| 3 Bedrooms | $775K | $759K | -2.1% |
| 4 Bedrooms | $900K | $810K | -10.0% |
| 5+ Bedrooms | $1.0M | $1.0M | +6.0% |
Summary: Park View housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.8%, 2 bedroom homes increased by 10.2%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Neighborhoods
| Park View | $780K | $750K | -3.8% |
| Columbia Heights / Park View | $722.5K | $685K | -5.2% |
| Columbia Heights | $675K | $635K | -5.9% |
| Pleasant Plains / LeDroit Park | $738.1K | $657.5K | -10.9% |
Housing Supply in Park View, DC
How many homes are available in Park View, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 70 | +14.8% |
Summary: The Park View real estate market had 70 homes for sale in October 2024, a 14.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 11 | -8.3% |
| 2 Bedrooms | 12 | 16 | +33.3% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Park View housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Park View, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Park View in October 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Park View, DC
How long does it take to sell a home in Park View, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 27 Days | +57.5% |
Summary: Homes in Park View had an average of 27 days on market in Oct 2024, up by 57.5% compared to last year.
Breakdown of Home Sale Times
4 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 Park View are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Park View; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
