$7,256 Closing Credit*
$611,000
930 SqFt
2 Beds
•1 Full Bath
Jeremy Vincent Flynn, Listing Office: Washington Management Service INC
Is Logan Circle, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Logan Circle was a Seller's Market.
Key Takeaway
Logan Circle is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Logan Circle, DC
How much do homes in Logan Circle, DC cost?
Median Sold Price
$796,250
$740/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,750(-1.0%)
Key Takeaway
Homes in Logan Circle have sold for 1% less than they did a year ago.
Summary: The median home sold price in Logan Circle was $796,250 in November 2024, down 1% from last year, and the median price per square foot was $740.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $499K | $494.9K | -0.8% |
| 2 Bedrooms | $849K | $830.8K | -2.1% |
| 3 Bedrooms | $1.1M | $1.5M | +34.2% |
| 4 Bedrooms | $1.8M | $1.5M | -18.8% |
| 5+ Bedrooms | $1.8M | $1.6M | -14.6% |
Summary: Logan Circle housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 34.2%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 14.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown | $587.6K | $615.5K | +4.7% |
| Downtown / Chinatown / Penn Quarter / Mount Vernon Square | $530K | $545K | +2.8% |
| Logan Circle | $804K | $796.2K | -1.0% |
| U Street Corridor | $722.5K | $650K | -10.0% |
| Shaw | $930K | $835K | -10.2% |
Housing Supply in Logan Circle, DC
How many homes are available in Logan Circle, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 63 | -4.5% |
Summary: The Logan Circle real estate market had 63 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 21 | +5.0% |
| 2 Bedrooms | 34 | 29 | -14.7% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Logan Circle housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5%, 2 bedroom homes decreased by 14.7%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Logan Circle, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Logan Circle in November 2024, down by 25.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 37 Days | +9.5% |
Summary: Homes in Logan Circle had an average of 37 days on market in Nov 2024, up by 9.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were 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 November 2024, 9 homes were sold in Logan Circle; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
