BROOKLAND AND WOODRIDGE HOUSING MARKET DATA

There was an increase in total units sold in February, with 33 sold this month in Brookland and Woodridge Real Estate versus 30 last month, an increase of 10%. This month's total units sold was lower than at this time last year, a decrease of 8% versus February 2024.

Versus last year, the total number of homes available this month is lower by 14 units or 10%. The total number of active inventory this February was 127 compared to 141 in February 2024. This month's total of 127 is lower than the previous month's total supply of available inventory of 129, a decrease of 2%.

Last February, the median sale price for Brookland and Woodridge Homes was $550,000. This February, the median sale price was $560,000, an increase of 2% or $10,000 compared to last year. The current median sold price is 8% lower than in January.

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

In February, there was 3.8 months of supply available in Brookland and Woodridge. The amount of supply is similar compared to 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 49 homes newly listed for sale in Brookland and Woodridge compared to 68 in February 2024, a decrease of 28%. There were 25 current contracts pending sale this February compared to 37 a year ago. The number of current contracts is 32% lower than last February.

In February, the average sale price in Brookland and Woodridge was 98.7% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 46, which is similar compared to a year ago.





FOCUS ON: BROOKLAND AND WOODRIDGE HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 20017 and 20018
Units Sold 33	Active Inventory 127	Median Sale Price $560,000	Days On Market 46

Down -8% Vs. Year Ago	Down -10% Vs. Year Ago	Up 2% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was an increase in total units sold in February, with 33 sold this month in Brookland and Woodridge Real Estate versus 30 last month, an increase of 10%. This month's total units sold was lower than at this time last year, a decrease of 8% versus February 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 14 units or 10%. The total number of active inventory this February was 127 compared to 141 in February 2024. This month's total of 127 is lower than the previous month's total supply of available inventory of 129, a decrease of 2%.
		Median Sale Price Last February, the median sale price for Brookland and Woodridge Homes was $550,000. This February, the median sale price was $560,000, an increase of 2% or $10,000 compared to last year. The current median sold price is 8% lower than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 49	Current Contracts 25	Sold Vs. List Price 98.7%	Months of Supply 3.8

Down -28% Vs. Year Ago	Down -32% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In February, there was 3.8 months of supply available in Brookland and Woodridge. The amount of supply is similar compared to 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 49 homes newly listed for sale in Brookland and Woodridge compared to 68 in February 2024, a decrease of 28%. There were 25 current contracts pending sale this February compared to 37 a year ago. The number of current contracts is 32% lower than last February.
		Sale Price to List Price Ratio In February, the average sale price in Brookland and Woodridge was 98.7% 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 46, which is similar compared to a year ago.


	Brookland and Woodridge are defined as properties in zip codes 20017/20018.
	*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.