Is Lanier Heights, DC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lanier Heights is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Lanier Heights was a Neutral Market.

Key Takeaway

Lanier Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lanier Heights, DC

How much do homes in Lanier Heights, DC cost?

Median Sold Price

$441,286

$541/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$68,713(-13.5%)

Key Takeaway

Homes in Lanier Heights have sold for 13.5% less than they did a year ago.

Summary: The median home sold price in Lanier Heights was $441,286 in March 2024, down 13.5% from last year, and the median price per square foot was $541.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $364.9K$335K
-8.2%
2 $575K$582K
+1.2%
3 $1.2M$832.4K
-33.9%
4 $1.4M$1.1M
-18.1%
5+ $1.6M-
N/A

Summary: Lanier Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 33.9%, 4 bedroom homes decreased by 18.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Mount Pleasant
+6.6%
Northwest
+0.6%
Adams Morgan
-7.3%
Lanier Heights
-13.5%

Housing Supply in Lanier Heights, DC

How many homes are available in Lanier Heights, DC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3639+8.3%

Summary: The Lanier Heights real estate market had 39 homes for sale in March 2024, a 8.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1717
0.0%
2 910
+11.1%
3 67
+16.7%
4 12
+100.0%
5+ 33
0.0%

Summary: The Lanier Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lanier Heights, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Lanier Heights in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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

Mar 2023Mar 2024CHANGE
78 Days28 Days-64.3%

Summary: Homes in Lanier Heights had an average of 28 days on market in Mar 2024, down by 64.3% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lanier Heights are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 4 homes were sold in Lanier Heights; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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