In UrbanTurf's continuing look at the neighborhood housing markets around the DC region, today we head over to North Cleveland Park.
This small northwest neighborhood has been one of DC's most competitive housing markets for several years, and that remains the case in 2021.
The average-sales-price-to-original-list price ratio is one of the highest in city, a sign that, more often than not, homes are selling for above their asking price. Combined with an inventory of homes for sale that hovers around a two-week supply, homes in North Cleveland Park don't stick around long when they hit the market.
Below, UrbanTurf plucked out a few more statistics about the neighborhood market.
- $1.37 million -- The median sales price of a home in North Cleveland Park in 2021, up 4 percent compared to last year.
- 106% --The average sales price to original list price ratio for homes in the neighborhood.
- 71% -- The percentage of homes that sold within the first ten days of being listed.
- 7 -- The median number of days that homes spent on the market in the third quarter.
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- LeDroit Park, The DC Neighborhood Where Home Prices Are Up 50%
This article originally published at http://dc.urbanturf.com/articles/blog/always-above-asking-north-cleveland-park-housing-market-by-the-numbers/18925
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