Is Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill, 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 / Queens Chapel / Fort Totten / Pleasant Hill has remained a Seller's Market.
Key Takeaway
Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill, DC
How much do homes in Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill, DC cost?
Median Sold Price
$570,000
$378/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill was $570,000 in April 2024, down 4.6% from last year, and the median price per square foot was $378.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $165K | N/A |
| 2 Bedrooms | $380K | $409K | +7.6% |
| 3 Bedrooms | $560K | $555K | -0.9% |
| 4 Bedrooms | $695K | $682K | -1.9% |
| 5+ Bedrooms | $850K | $1.0M | +19.7% |
Summary: Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill 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 7.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 19.7%.
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% |
Housing Supply in Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill, DC
How many homes are available in Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 35 | +6.1% |
Summary: The Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill real estate market had 35 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill in April 2024, down by 36.4% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill, DC
How long does it take to sell a home in Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 23 Days | -2.7% |
Summary: Homes in Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill had an average of 23 days on market in Apr 2024, down by 2.7% compared to last year.
Breakdown of Home Sale Times
5 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 / Queens Chapel / Fort Totten / Pleasant Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
