Is Lamond Riggs, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lamond Riggs has remained a Seller's Market.
Key Takeaway
Lamond Riggs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lamond Riggs, DC
How much do homes in Lamond Riggs, DC cost?
Median Sold Price
$550,000
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lamond Riggs have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Lamond Riggs was $550,000 in April 2024, down 5.2% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $395K | $447.5K | +13.3% |
| 3 Bedrooms | $590K | $547.5K | -7.2% |
| 4 Bedrooms | $660K | $677K | +2.6% |
| 5+ Bedrooms | $850K | $1.0M | +23.5% |
Summary: Lamond Riggs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 23.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Queens Chapel | $639K | $625K | -2.2% |
| Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill | $597.5K | $570K | -4.6% |
| Lamond Riggs | $580K | $550K | -5.2% |
| Takoma / Brightwood / Manor Park | $725K | $670.5K | -7.5% |
Housing Supply in Lamond Riggs, DC
How many homes are available in Lamond Riggs, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Lamond Riggs real estate market had 14 homes for sale in April 2024, a 7.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lamond Riggs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lamond Riggs, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Lamond Riggs in April 2024, the same as the previous month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Lamond Riggs, DC
How long does it take to sell a home in Lamond Riggs, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 35 Days | +82.8% |
Summary: Homes in Lamond Riggs had an average of 35 days on market in Apr 2024, up by 82.8% compared to last year.
Breakdown of Home Sale Times
2 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 Lamond Riggs are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Lamond Riggs; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
