Is Logan Circle, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Logan Circle has remained a Buyer's Market.
Key Takeaway
Logan Circle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Logan Circle, DC
How much do homes in Logan Circle, DC cost?
Median Sold Price
$802,000
$718/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Logan Circle have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Logan Circle was $802,000 in March 2024, up 9.5% from last year, and the median price per square foot was $718.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $503K | $499.2K | -0.7% |
| 2 Bedrooms | $775K | $844.9K | +9.0% |
| 3 Bedrooms | $1.1M | $1.2M | +11.9% |
| 4 Bedrooms | $1.8M | $1.8M | +4.0% |
| 5+ Bedrooms | $1.7M | $1.8M | 0.4% |
Summary: Logan Circle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Logan Circle | $732.5K | $802K | +9.5% |
| Downtown | $590K | $637.5K | +8.1% |
| Downtown / Chinatown / Penn Quarter / Mount Vernon Square | $549K | $536.2K | -2.3% |
| Shaw | $988.5K | $950K | -3.9% |
| U Street Corridor | $795K | $717.5K | -9.7% |
Housing Supply in Logan Circle, DC
How many homes are available in Logan Circle, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 177 | 186 | +5.1% |
Summary: The Logan Circle real estate market had 186 homes for sale in March 2024, a 5.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 46 | 50 | +8.7% |
| 2 Bedrooms | 94 | 95 | +1.1% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Logan Circle housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Logan Circle, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Logan Circle in March 2024, the same as the previous month. Of the 8 sold homes, 13% were sold under asking, 38% were sold at asking, and 50% were sold over asking.
Days on Market for Logan Circle, DC
How long does it take to sell a home in Logan Circle, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 25 Days | +13.0% |
Summary: Homes in Logan Circle had an average of 25 days on market in Mar 2024, up by 13% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Logan Circle are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Logan Circle; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
