The Long & Foster Market Minute

FOCUS ON: OLNEY, DERWOOD, AND BROOKEVILLE HOUSING MARKET JUNE 2025

Zip Code(s): 20832, 20855, 20833, 20860, 20862 and 20861
Units Sold
50
Active Inventory
91
Median Sale Price
$712,500
Days On Market
17
Down -11%
Vs. Year Ago
Up 28%
Vs. Year Ago
Down -5%
Vs. Year Ago
Up 55%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 50 sold this month in Olney, Derwood, and Brookeville Real Estate versus 73 last month, a decrease of 32%. This month's total units sold was lower than at this time last year, a decrease of 11% versus June 2024.

Active Inventory
Versus last year, the total number of homes available this month is higher by 20 units or 28%. The total number of active inventory this June was 91 compared to 71 in June 2024. This month's total of 91 is lower than the previous month's total supply of available inventory of 101, a decrease of 10%.

Median Sale Price
Last June, the median sale price for Olney, Derwood, and Brookeville Homes was $752,000. This June, the median sale price was $712,500, a decrease of 5% or $39,500 compared to last year. The current median sold price is 4% lower than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
57
Current Contracts
53
Sold Vs. List Price
99.7%
Months of Supply
1.8
Down -15%
Vs. Year Ago
Down -4%
Vs. Year Ago
Down -2.9%
Vs. Year Ago
Up 43%
Vs. Year Ago

Months of Supply
In June, there was 1.8 months of supply available in Olney, Derwood, and Brookeville, compared to 1.3 in June 2024. That is an increase of 44% 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.

New Listings & Current Contracts
This month there were 57 homes newly listed for sale in Olney, Derwood, and Brookeville compared to 67 in June 2024, a decrease of 15%. There were 53 current contracts pending sale this June compared to 55 a year ago. The number of current contracts is 4% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Olney, Derwood, and Brookeville was 99.7% of the average list price, which is 3.0% lower than at this time last year.

Days on Market
This month, the average number of days on market was 17, higher than the average last year, which was 11, an increase of 55%.

The Long & Foster Market Minute Olney, Derwood, and Brookeville are defined as properties listed in zip code/s 20832, 20855, 20853, 20860, 20862 and 20861.
*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.
REALTOR, Equal Opportunity HousingInformation 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.