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 seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Lanier Heights has remained a Seller's Market.

Key Takeaway

Lanier Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lanier Heights, DC

How much do homes in Lanier Heights, DC cost?

Median Sold Price

$439,786

$569/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$46,213(-9.5%)

Key Takeaway

Homes in Lanier Heights have sold for 9.5% less than they did a year ago.

Summary: The median home sold price in Lanier Heights was $439,786 in November 2024, down 9.5% from last year, and the median price per square foot was $569.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $351.7K$378K
+7.5%
2 $601K$544.5K
-9.4%
3 $840K$1.1M
+38.1%
4 $1.2M$1.2M
-5.6%
5+ -$1.9M
N/A

Summary: Lanier Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 38.1%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Mount Pleasant
+48.7%
Northwest
+5.4%
Lanier Heights
-9.5%
Adams Morgan
-14.9%

Housing Supply in Lanier Heights, DC

How many homes are available in Lanier Heights, DC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2023+15.0%

Summary: The Lanier Heights real estate market had 23 homes for sale in November 2024, a 15.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1212
0.0%
2 22
0.0%
3 46
+50.0%
4 12
+100.0%
5+ 11
0.0%

Summary: The Lanier Heights 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were 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. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Lanier Heights in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% 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

Nov 2023Nov 2024CHANGE
49 Days32 Days-34.3%

Summary: Homes in Lanier Heights had an average of 32 days on market in Nov 2024, down by 34.3% compared to last year.

Breakdown of Home Sale Times

4 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 November 2024, 6 homes were sold in Lanier Heights; 67% of homes were sold within 30 days, 33% 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 23 Days Ago

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