Is Langdon, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Langdon was a Neutral Market.
Key Takeaway
Langdon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Langdon, DC
How much do homes in Langdon, DC cost?
Median Sold Price
$635,000
$329/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Langdon have sold for 38.8% more than they did a year ago.
Summary: The median home sold price in Langdon was $635,000 in April 2024, up 38.8% from last year, and the median price per square foot was $329.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242K | - | N/A |
| 2 Bedrooms | $337.5K | $400K | +18.5% |
| 3 Bedrooms | $477.5K | $555K | +16.2% |
| 4 Bedrooms | $512.5K | $672.4K | +31.2% |
| 5+ Bedrooms | $1.1M | $957.5K | -16.4% |
Summary: Langdon 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 18.5%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 31.2%, and 5+ bedroom homes decreased by 16.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Langdon | $457.5K | $635K | +38.8% |
| Northeast | $622.3K | $609.1K | -2.1% |
| Brookland / Brentwood / Langdon | $650K | $607.5K | -6.5% |
Housing Supply in Langdon, DC
How many homes are available in Langdon, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Langdon real estate market had 11 homes for sale in April 2024, a 8.3% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Langdon 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Langdon, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Langdon in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Langdon, DC
How long does it take to sell a home in Langdon, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 6 Days | -87.4% |
Summary: Homes in Langdon had an average of 6 days on market in Apr 2024, down by 87.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Langdon are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Langdon; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
