The market · Cleveland Park

Cleveland Park housing market, May 2023

Single-family homes inside the Cleveland Park map area in the RealTracs MLS. This page is built from RealTracs’ five-year monthly file as reported on October 28, 2026; the change column is worked out from that file. The live Cleveland Park page has the current month, the map and every data set.

$725,000

median sale price

$470,000 a year earlier · +54.3%

10

homes sold

6 in May 2022 · +66.7%

1.98

months of supply

1.89 in May 2022 · +4.8% · favors sellers

27

average days on market

62 in May 2022 · −56.5%

12

new listings

15 in May 2022 · −20.0%

Cleveland Park closed 10 single-family sales in May 2023, +66.7% from 6 in May 2022. The median sale price was $725,000, +54.3% from $470,000 a year earlier. Buyers had 13 homes to choose from on average (6 a year ago), and months of supply stood at 1.98 — favors sellers by the usual four-to-six-month rule of thumb. Homes that sold had averaged 27 days on market (a fast pace); 12 new listings came on against 15 a year earlier.

Written from the figures on this page by fixed sentences. No forecasts.

May 2023 vs. May 2022

The month, number by number

Every figure RealTracs reports for the month, against the same month a year earlier. Pick a row and the bars show that measure for May in every year on file; the link under them opens its full history on the live page.

Cleveland Park, May 2023 against May 2022
May 2022	May 2023	Change
6	10	+66.7%
$470,000	$725,000	+54.3%
$465,000	$742,500	+59.7%
$431	$349	−19.0%
62	27	−56.5%
15	12	−20.0%
13	6	−53.8%
6	13	+116.7%
10	9	−10.0%
16	23	+43.8%
1.89	1.98	+4.8%
$531,854	$662,161	+24.5%
103.21%	97.58%	−5.5%
45	24	−46.7%
21	32	+52.4%
94	80	−14.9%

Change is worked out here from the two monthly figures in RealTracs’ five-year file.

Median sale priceMay, each year on file

Pick a row in the table and the bars follow it. Prices are rounded to the nearest $1,000 here; the table has the exact figures. “—” is a month with no sales.

Every month of median sale price →

The table behind these bars

May, year by year
Month	Sold	Median sale price	Median $/sq ft	New listings	For sale (avg)	Months of supply	Avg days on market
May 2023	10	$725,000	$349	12	13	1.98	27
May 2022	6	$470,000	$431	15	6	1.89	62

The same calendar month in every year the five-year file covers — the comparison behind the “earlier years” sentence above.

More tables for May 2023: the last twelve months, this month in every year, the rolling basis

Month by month, monthly figures
Month	Sold	Median sale price	Median $/sq ft	New listings	For sale (avg)	Months of supply	Avg days on market
May 2023	10	$725,000	$349	12	13	1.98	27
April 2023	5	$795,000	$294	7	11	3.09	26
March 2023	6	$773,500	$331	10	13	2.84	22
February 2023	11	$475,000	$354	2	17	2.34	31
January 2023	6	$429,950	$320	22	19	4.34	28
December 2022	12	$462,500	$348	8	20	2.23	18
November 2022	3	$380,000	$288	12	21	8.89	31
October 2022	7	$455,000	$390	16	19	3.31	13
September 2022	5	$575,000	$456	13	15	3.84	5
August 2022	7	$515,000	$387	18	13	2.52	18
July 2022	4	$580,500	$341	6	8	4.3	2
June 2022	14	$650,900	$358	13	11	1.19	3

Every figure as RealTracs reports it for that month. Months with fewer than 10 sales are small samples: their median is the median of a handful of houses, and the page’s headline figures use RealTracs’ rolling medians for them.

May, year by year
Month	Sold	Median sale price	Median $/sq ft	New listings	For sale (avg)	Months of supply	Avg days on market
May 2023	10	$725,000	$349	12	13	1.98	27
May 2022	6	$470,000	$431	15	6	1.89	62

The same calendar month in every year the five-year file covers — the comparison behind the “earlier years” sentence above.

May 2023 on a rolling basis
Measure	Monthly	3-month rolling	6-month rolling	12-month rolling	3-month, May 2022	12-month, May 2022
Median sale price	$725,000	$750,000	$549,500	$575,000	$553,500	$545,250
Median sale price per sq ft	$349	$323	$344	$353	$367	$326
Months of supply	1.98	2.49	2.62	2.79	1.01	1.08
Average days on market, homes sold	27	25	25	18	18	11
Homes sold (per month)	10	7	8	8	11	11

RealTracs’ own rolling figures: each is worked out over the sales of the last 3, 6 or 12 months, not averaged from the monthly numbers. A rolling count is the average per month. These are the figures the page quotes when a month has fewer than 10 sales.

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Questions

Cleveland Park in May 2023

Were home prices in Cleveland Park dropping in May 2023?

No — up. The median sale price was $725,000 in May 2023, +54.3% from $470,000 a year earlier.

Was Cleveland Park a buyer’s or a seller’s market in May 2023?

A seller’s market, by the usual rule: 1.98 months of supply in May 2023 (under four favors sellers, over six favors buyers), against 1.89 a year earlier.

How fast were homes selling in Cleveland Park in May 2023?

Homes that sold in May 2023 had been on the market 27 days on average, a fast pace; from listing to closing took 80 days on average.

How this page is built

Every figure is read from RealTracs’ own export for the Cleveland Park map area — the Snapshot report for the month and the five-year Timeline files for all eight data sets, monthly and 3-, 6- and 12-month rolling. Files are kept as downloaded, with a manifest of download names and checksums, so any number here can be traced to its file. The only arithmetic on the page is labelled where it appears: a change worked out from two monthly figures, and the ranges in the “earlier years” sentence. Months with fewer than 10 sales are flagged as small samples and their price figures switch to RealTracs’ rolling medians. The summary and the questions are filled from fixed sentences — no forecasts, no advice. “Favors sellers / balanced / favors buyers” follows the usual rule of thumb for months of supply: under four, four to six, over six. Days on market: under 30 is called a fast pace, over 60 slow.

← April 2023 Cleveland Park now June 2023 →

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Source: RealTracs MLS, Analytics → Market Trends, the Cleveland Park map area (saved in RealTracs as “East- Cleveland Park”), residential single-family. Report dated October 28, 2026. Based on information from Realtracs® for the period May 1, 2022 through September 30, 2026. © 2026 Realtracs, Inc.