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FOCUS ON: LOGAN CIRCLE AND DUPONT HOUSING MARKET |
MAY 2025 |
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Zip Code(s): 20005 and 20036 |
Units Sold
28 |
Active Inventory
135 |
Median Sale Price
$434,000 |
Days On Market
58 |
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No Change
Vs. Year Ago |
Up 65%
Vs. Year Ago |
Up 4%
Vs. Year Ago |
Up 45%
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 28 sold this month in Logan Circle and Dupont Real Estate, an increase of 12%. This month's total units sold is similar compared to a year ago.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 53 units or 65%. The total number of active inventory this May was 135 compared to 82 in May 2024. This month's total of 135 is lower than the previous month's total supply of available inventory of 140, a decrease of 4%.
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Median Sale Price
Last May, the median sale price for Logan Circle and Dupont Homes was $417,500. This May, the median sale price was $434,000, an increase of 4% or $16,500 compared to last year. The current median sold price is 9% higher than in April.
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
50 |
Current Contracts
21 |
Sold Vs. List Price
97.9% |
Months of Supply
4.8 |
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Up 56%
Vs. Year Ago |
Down -25%
Vs. Year Ago |
No Change
Vs. Year Ago |
Up 65%
Vs. Year Ago |
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Months of Supply
In May, there was 4.8 months of supply available in Logan Circle and Dupont, compared to 2.9 in May 2024. That is an increase of 65% 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 50 homes newly listed for sale in Logan Circle and Dupont compared to 32 in May 2024, an increase of 56%. There were 21 current contracts pending sale this May compared to 28 a year ago. The number of current contracts is 25% lower than last May.
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Sale Price to List Price Ratio
In May, the average sale price in Logan Circle and Dupont was 97.9% of the average list price, which is similar compared to a year ago.
Days on Market
This month, the average number of days on market was 58, higher than the average last year, which was 40, an increase of 45%.
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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. |