$10,000 Closing Credit*
$989,000
1,300 SqFt
2 Beds
•2 Full Baths, 1 Partial
Rasanjali Wickrema, Listing Office: Brian Logan Real Estate
Is Logan Circle, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$795,000
$740/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,500(-0.6%)
Key Takeaway
Homes in Logan Circle have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Logan Circle was $795,000 in October 2024, down 0.6% from last year, and the median price per square foot was $740.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $489.5K | $500K | +2.1% |
| 2 Bedrooms | $849K | $825K | -2.8% |
| 3 Bedrooms | $1.1M | $1.5M | +32.5% |
| 4 Bedrooms | $1.8M | $1.8M | 0.0% |
| 5+ Bedrooms | $1.8M | $1.6M | -14.6% |
Summary: Logan Circle housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 32.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 14.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown / Chinatown / Penn Quarter / Mount Vernon Square | $524.9K | $545K | +3.8% |
| Downtown | $585.2K | $606K | +3.5% |
| Logan Circle | $799.5K | $795K | -0.6% |
| U Street Corridor | $722.5K | $634K | -12.2% |
| Shaw | $975K | $822.5K | -15.6% |
Housing Supply in Logan Circle, DC
How many homes are available in Logan Circle, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 78 | +34.5% |
Summary: The Logan Circle real estate market had 78 homes for sale in October 2024, a 34.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 24 | +20.0% |
| 2 Bedrooms | 24 | 36 | +50.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Logan Circle housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 12 | +140.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 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. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Logan Circle in October 2024, up by 140.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 0% were sold at asking, and 42% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 23 Days | +5.4% |
Summary: Homes in Logan Circle had an average of 23 days on market in Oct 2024, up by 5.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Logan Circle are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Logan Circle; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
