Is Lanier Heights, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Lanier Heights has remained a Seller's Market.
Housing Prices in Lanier Heights, DC
How much do homes in Lanier Heights, DC cost?
Median Sold Price
$447,500
$551/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lanier Heights was $447,500 in June 2024, down 18.9% from last year, and the median price per square foot was $551.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $351K | $373.2K | +6.3% |
2 Bedrooms | $570K | $534K | -6.3% |
3 Bedrooms | $1.1M | $950K | -13.6% |
4 Bedrooms | $1.3M | $1.2M | -8.7% |
5+ Bedrooms | - | - | N/A |
Summary: Lanier Heights housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Mount Pleasant | $1.0M | $1.3M | +31.3% |
Northwest | $757.9K | $768.1K | +1.4% |
Adams Morgan | $616.9K | $569.5K | -7.7% |
Lanier Heights | $552K | $447.5K | -18.9% |
Housing Supply in Lanier Heights, DC
How many homes are available in Lanier Heights, DC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
24 | 25 | +4.2% |
Summary: The Lanier Heights real estate market had 25 homes for sale in June 2024, a 4.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 12 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Lanier Heights housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Lanier Heights in June 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Lanier Heights, DC
How long does it take to sell a home in Lanier Heights, DC?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
48 Days | 20 Days | -56.8% |
Summary: Homes in Lanier Heights had an average of 20 days on market in Jun 2024, down by 56.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 7 homes were sold in Lanier Heights; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.