Market Report - 20001 - Washington, DC NW (Logan--Shaw) 2023 04

Real Estate Agent with RLAH / @properties DC / MD / VA


[Logan Circle Homes This is the neighborhood in Washington, DC.  Everyone wants live here, or to come here to eat and enjoy the city.

Logan Circle is the quintessential NW DC neighborhood.  It simply looks and feels right, without the attitude one finds with the usually older & more established NW neighborhoods.

Penn Quarter, closer to downtown/ Penn. Ave., has the nightlife, clubs and Capital One Arena.

Shaw is the place to be and the neighborhood has a great feel of new & old woven together.


As we swing into summer, we have stabilized a bit from the market contraction we saw at the end of the year.  We are about the same numbers with homes sold in April vs. the previous month for a total of 43 homes sold in April 2023. This month we are again below the 5 year average of 81, but moving into summer, we would expect numbers to continue increasing; interest rates have stabilized somewhat and the market is picking up again.  Buyers will continue to buy and sellers will continue to sell, so we will watch to see if this trend will continue.  We can't predict all the changes, so we'll just have to watch the market for cues. 

Currently there are 163 homes on the market, once again more than the previous month; and finally above the 5 year average of 145 for the second month in a row. With this ratio, we are above last month at 3.2 Months of Supply, and higher than the 5 year average of 2.3 months; though this number still continues to remain low and indicates strong demand in this neighborhood even with the challenges we've faced the previous several years.  That continues to indicate the desirability of this neighborhood and expected upward pressure on pricing. 

Activity in April shows us a bit of a slack in sold price again from the previous month to $645,000, and less than the five year average of $679,300.  Prices have continued this up and down movement because of COVID and increasing interest rates. 

The average home was sold in 22 days.  This is almost identical to the last month, so we can't complain, though movement down would be nice. We are about twice the 5 year average of 12 days. Again, this is a slower month, but either way, those who were looking for a home didn't take long to decide.  We'll just have to watch the next month. 

The ratio of sold price to original list price is 98.7%, a bit of wiggle room for buyers, but not much. The 5 year average was 99.7%.   This still remains a wonderful neighborhood to call home.

This neighborhood bears little resemblance to that of even a decade ago, even as it struggles to maintain reminders of it's role in local history, and yes, this is a favorite among people who want to 'feel' their living in Washington, DC. This zip code ranked #24 in Washingtonian Magazines Great Places To Live 2019 issue, which ranked the 100 priciest zip codes in the greater Washington DC metro area.

(data from getsmartcharts; photo from

Posted by

Claude Labbe, Realty for Your Busy Life

Real Living | At Home
11 Dupont Circle #650
Washington, DC 20036
(202) 518-8781 bus / (703) 868-7774 mobile


Comments (3)

Richard Weeks
Dallas, TX
REALTOR®, Broker
Thanks for sharing your market update.  Great information for buyers and sellers in your area.
May 30, 2023 02:27 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Washington D.C. home buyers and sellers are sure to value your real estate market report, Claude.

May 30, 2023 08:53 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC

Thanks for sharing your market report with us here in the Rain. It's always interesting to see how other areas of the country are doing.


Jun 02, 2023 12:22 PM