BRIGHTWOOD AND PETWORTH HOUSING MARKET DATA

There was a decrease in total units sold in April, with 37 sold this month in Brightwood and Petworth Real Estate versus 48 last month, a decrease of 23%. This month's total units sold was lower than at this time last year, a decrease of 29% versus April 2024.

Versus last year, the total number of homes available this month is higher by 47 units or 17%. The total number of active inventory this April was 319 compared to 272 in April 2024. This month's supply remained stable as compared to last month.

Last April, the median sale price for Brightwood and Petworth Homes was $758,500. This April, the median sale price was $665,000, a decrease of 12% or $93,500 compared to last year. The current median sold price is 2% lower than in March.

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

In April, there was 8.6 months of supply available in Brightwood and Petworth, compared to 5.2 in April 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.

This month there were 124 homes newly listed for sale in Brightwood and Petworth compared to 131 in April 2024, a decrease of 5%. There were 51 current contracts pending sale this April compared to 56 a year ago. The number of current contracts is 9% lower than last April.

In April, the average sale price in Brightwood and Petworth was 100.2% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 29, lower than the average last year, which was 31, a decrease of 6%.





FOCUS ON: BRIGHTWOOD AND PETWORTH HOUSING MARKET			APRIL 2025

Zip Code(s): 20011
Units Sold 37	Active Inventory 319	Median Sale Price $665,000	Days On Market 29

Down -29% Vs. Year Ago	Up 17% Vs. Year Ago	Down -12% Vs. Year Ago	Down -6% Vs. Year Ago


		Units Sold There was a decrease in total units sold in April, with 37 sold this month in Brightwood and Petworth Real Estate versus 48 last month, a decrease of 23%. This month's total units sold was lower than at this time last year, a decrease of 29% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 47 units or 17%. The total number of active inventory this April was 319 compared to 272 in April 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last April, the median sale price for Brightwood and Petworth Homes was $758,500. This April, the median sale price was $665,000, a decrease of 12% or $93,500 compared to last year. The current median sold price is 2% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 124	Current Contracts 51	Sold Vs. List Price 100.2%	Months of Supply 8.6

Down -5% Vs. Year Ago	Down -9% Vs. Year Ago	No Change Vs. Year Ago	Up 65% Vs. Year Ago


		Months of Supply In April, there was 8.6 months of supply available in Brightwood and Petworth, compared to 5.2 in April 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.
New Listings & Current Contracts This month there were 124 homes newly listed for sale in Brightwood and Petworth compared to 131 in April 2024, a decrease of 5%. There were 51 current contracts pending sale this April compared to 56 a year ago. The number of current contracts is 9% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Brightwood and Petworth was 100.2% 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 29, lower than the average last year, which was 31, a decrease of 6%.


	Brightwood and Petworth are defined as properties listed in zip code/s 20011.
	*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.