North Cleveland Park: DC's Million-Dollar, Multiple Offer Neighborhood
✉️ Want to forward this article? Click here.
UrbanTurf is taking a 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 active and competitive housing markets for several years. Home prices shot up in 2020 and sales fell, but the drop off was likely due to a very low supply of homes for sale rather than rising prices.
Perhaps the most important metric that illustrates what is going on in the neighborhood is contract ratio, the total number of homes under contract in a given period compared to the overall number of active listings. For the third quarter, the contract ratio in North Cleveland Park was well above 2.0, one of the highest ratios in the city.
Below, UrbanTurf plucked out a few more statistics about the neighborhood market.
story continues below
loading...story continues above
- $1.332 million -- The median sales price of a home in North Cleveland Park in 2020, up 22 percent compared to last year.
- 101% --The average sales price to original list price ratio for homes in the neighborhood.
- 55 percent -- The percentage of homes that sold within the first ten days of being listed.
- 15 days -- The supply of homes for sale in October.
- 2.5 --The contract ratio in the third quarter of 2020.
Similar Posts:
- The Land of Flips: The Petworth Housing Market, By the Numbers
- The Takoma Park Housing Market, By the Numbers
- A 33% Jump: The Palisades Housing Market, By the Numbers
- Prices Soar, But So Do Sales: The Woodridge Housing Market, By the Numbers
- A Very Robust Start to 2020: The Crystal City Housing Market, By the Numbers
- Still DC's Most Competitive? The AU Park Housing Market, By the Numbers
- The Capitol Hill Housing Market, By the Numbers
- Still One of DC's Priciest: The Georgetown Market, By the Numbers
- The Chevy Chase Housing Market, By the Numbers
- The Shepherd Park Housing Market, By the Numbers
- A Look at DC's Priciest Housing Market: Spring Valley, By the Numbers
- Rising Prices Don't Dampen Sales: The Anacostia Housing Market, By the Numbers
- Fairly Balanced: The Columbia Heights Market, By the Numbers
See other articles related to: north cleveland park, north cleveland park housing market
This article originally published at https://dc.urbanturf.com/articles/blog/north-cleveland-park-dcs-million-dollar-multiple-offer-neighborhood/17539.
UrbanTurf Listings showcases the DC metro area's best properties available for sale.
Most Popular... This Week • Last 30 Days • Ever
This article discusses the variety of rental restrictions that may exist in condomini... read »
The number of neighborhoods in DC where the median home price hits or exceeds $1 mill... read »
The District's blueprint for the redevelopment surrounding the future Washington Comm... read »
DC's Historic Preservation Office is recommending that the city's Historic Preservati... read »
Two councilmembers have proposals targeting high-value homes whose owners don't live ... read »
- Understanding Rental Restrictions in Condominiums
- DC Has Its Highest Number Of Million-Dollar Neighborhoods On Record
- 6,500 Homes, a Gold Line and a Sportsplex: RFK Master Plan Heads to DC Council
- Hotel Harrington's Comeback Wins Preservation Staff's Support
- Two Pied-à-Terre Tax Proposals Are Now on the Table in DC. Here's How They Compare.
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro
