$10,000 Closing Credit*
$1,025,000
3,280 SqFt
5 Beds
•4 Full Baths, 1 Partial
Chelsea Lanise Traylor, Listing Office: Redfin Corp
Is Lamond Riggs, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lamond Riggs has remained a Seller's Market.
Key Takeaway
Lamond Riggs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lamond Riggs, DC
How much do homes in Lamond Riggs, DC cost?
Median Sold Price
$575,000
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+2.7%)
Key Takeaway
Homes in Lamond Riggs have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Lamond Riggs was $575,000 in November 2024, up 2.7% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $372.5K | $505K | +35.6% |
| 3 Bedrooms | $587.5K | $545K | -7.2% |
| 4 Bedrooms | $639.5K | $690K | +7.9% |
| 5+ Bedrooms | $985K | $1.0M | +6.6% |
Summary: Lamond Riggs housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.6%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Takoma / Brightwood / Manor Park | $660K | $700K | +6.1% |
| Lamond Riggs | $560K | $575K | +2.7% |
| Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill | $580K | $570K | -1.7% |
| Queens Chapel | $662.2K | $599.9K | -9.4% |
Housing Supply in Lamond Riggs, DC
How many homes are available in Lamond Riggs, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Summary: The Lamond Riggs real estate market had 14 homes for sale in November 2024, a 17.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lamond Riggs housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lamond Riggs, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lamond Riggs in November 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Lamond Riggs, DC
How long does it take to sell a home in Lamond Riggs, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 87 Days | 74 Days | -14.7% |
Summary: Homes in Lamond Riggs had an average of 74 days on market in Nov 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lamond Riggs are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Lamond Riggs; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
