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| MARCH 2025 | |||
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| Zip Code(s): 20005 and 20036 | |||
| Units Sold 24 |
Active Inventory 127 |
Median Sale Price $431,250 |
Days On Market 75 |
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| Up 33% Vs. Year Ago |
Up 55% Vs. Year Ago |
Down Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 24 sold this month in Logan Circle and Dupont Real Estate versus 23 last month, an increase of 4%. This month's total units sold was higher than at this time last year, an increase of 33% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 45 units or 55%. The total number of active inventory this March was 127 compared to 82 in March 2024. This month's total of 127 is higher than the previous month's total supply of available inventory of 116, an increase of 9%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Logan Circle and Dupont Homes was $498,500. This March, the median sale price was $431,250, a decrease of $67,250 compared to last year. The current median sold price is lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 57 |
Current Contracts 21 |
Sold Vs. List Price 96.3% |
Months of Supply 5.3 |
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| Up 33% Vs. Year Ago |
Up 24% Vs. Year Ago |
Down -3.6% Vs. Year Ago |
Up 16% Vs. Year Ago |
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Months of Supply
In March, there was 5.3 months of supply available in Logan Circle and Dupont, compared to 4.6 in March 2024. That is an increase of 16% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 57 homes newly listed for sale in Logan Circle and Dupont compared to 43 in March 2024, an increase of 33%. There were 21 current contracts pending sale this March compared to 17 a year ago. The number of current contracts is 24% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Logan Circle and Dupont was 96.3% of the average list price, which is 3.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 75, higher than the average last year, which was 24. This increase was impacted by the limited number of sales. | |||
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Logan Circle and Dupont are defined as properties in zip codes 20005 and 20036. | ||
| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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