CLEVELAND PARK AND KALORAMA HOUSING MARKET DATA

There was a decrease in total units sold in August, with 28 sold this month in Cleveland Park and Kalorama Real Estate, a decrease of 22%. This month's total units sold is similar compared to a year ago.

Versus last year, the total number of homes available this month is higher by 5 units or 5%. The total number of active inventory this August was 97 compared to 92 in August 2024. This month's total of 97 is lower than the previous month's total supply of available inventory of 118, a decrease of 18%.

Last August, the median sale price for Cleveland Park and Kalorama Homes was $585,000. This August, the median sale price was $602,500, an increase of 3% or $17,500 compared to last year. The current median sold price is 2% higher than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 3.5 months of supply available in Cleveland Park and Kalorama, compared to 3.3 in August 2024. That is an increase of 5% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 17 homes newly listed for sale in Cleveland Park and Kalorama compared to 43 in August 2024, a decrease of 60%. There were 18 current contracts pending sale this August compared to 23 a year ago. The number of current contracts is 22% lower than last August.

In August, the average sale price in Cleveland Park and Kalorama was 97.7% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 46, higher than the average last year, which was 34, an increase of 35%.





FOCUS ON: CLEVELAND PARK AND KALORAMA HOUSING MARKET			AUGUST 2025

Zip Code(s): 20008
Units Sold 28	Active Inventory 97	Median Sale Price $602,500	Days On Market 46

No Change Vs. Year Ago	Up 5% Vs. Year Ago	Up 3% Vs. Year Ago	Up 35% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 28 sold this month in Cleveland Park and Kalorama Real Estate, a decrease of 22%. This month's total units sold is similar compared to a year ago.
Active Inventory Versus last year, the total number of homes available this month is higher by 5 units or 5%. The total number of active inventory this August was 97 compared to 92 in August 2024. This month's total of 97 is lower than the previous month's total supply of available inventory of 118, a decrease of 18%.
		Median Sale Price Last August, the median sale price for Cleveland Park and Kalorama Homes was $585,000. This August, the median sale price was $602,500, an increase of 3% or $17,500 compared to last year. The current median sold price is 2% higher than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 17	Current Contracts 18	Sold Vs. List Price 97.7%	Months of Supply 3.5

Down -60% Vs. Year Ago	Down -22% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 5% Vs. Year Ago


		Months of Supply In August, there was 3.5 months of supply available in Cleveland Park and Kalorama, compared to 3.3 in August 2024. That is an increase of 5% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 17 homes newly listed for sale in Cleveland Park and Kalorama compared to 43 in August 2024, a decrease of 60%. There were 18 current contracts pending sale this August compared to 23 a year ago. The number of current contracts is 22% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Cleveland Park and Kalorama was 97.7% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 46, higher than the average last year, which was 34, an increase of 35%.


	Cleveland Park and Kalorama are defined as properties in zip code 20008 and includes, but is not limited to these neighborhoods: Cleveland Park, Forest Hills, and Kalorama.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.