BROOKLAND AND WOODRIDGE HOUSING MARKET DATA

There was an increase in total units sold in March, with 38 sold this month in Brookland and Woodridge Real Estate versus 33 last month, an increase of 15%. This month's total units sold was lower than at this time last year, a decrease of 14% versus March 2024.

Versus last year, the total number of homes available this month is higher by 16 units or 11%. The total number of active inventory this March was 162 compared to 146 in March 2024. This month's total of 162 is higher than the previous month's total supply of available inventory of 141, an increase of 15%.

Last March, the median sale price for Brookland and Woodridge Homes was $555,000. This March, the median sale price was $551,250, a decrease of 1% or $3,750 compared to last year. The current median sold price is 2% lower than in February.

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

In March, there was 4.3 months of supply available in Brookland and Woodridge, compared to 3.3 in March 2024. That is an increase of 28% 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 79 homes newly listed for sale in Brookland and Woodridge compared to 81 in March 2024, a decrease of 2%. There were 38 current contracts pending sale this March compared to 47 a year ago. The number of current contracts is 19% lower than last March.

In March, the average sale price in Brookland and Woodridge was 99.3% of the average list price, which is 1.6% higher than at this time last year.

This month, the average number of days on market was 55, higher than the average last year, which was 44, an increase of 25%.





FOCUS ON: BROOKLAND AND WOODRIDGE HOUSING MARKET			MARCH 2025

Zip Code(s): 20017 and 20018
Units Sold 38	Active Inventory 162	Median Sale Price $551,250	Days On Market 55

Down -14% Vs. Year Ago	Up 11% Vs. Year Ago	Down -1% Vs. Year Ago	Up 25% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 38 sold this month in Brookland and Woodridge Real Estate versus 33 last month, an increase of 15%. This month's total units sold was lower than at this time last year, a decrease of 14% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 16 units or 11%. The total number of active inventory this March was 162 compared to 146 in March 2024. This month's total of 162 is higher than the previous month's total supply of available inventory of 141, an increase of 15%.
		Median Sale Price Last March, the median sale price for Brookland and Woodridge Homes was $555,000. This March, the median sale price was $551,250, a decrease of 1% or $3,750 compared to last year. The current median sold price is 2% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 79	Current Contracts 38	Sold Vs. List Price 99.3%	Months of Supply 4.3

Down -2% Vs. Year Ago	Down -19% Vs. Year Ago	Up 1.7% Vs. Year Ago	Up 28% Vs. Year Ago


		Months of Supply In March, there was 4.3 months of supply available in Brookland and Woodridge, compared to 3.3 in March 2024. That is an increase of 28% 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 79 homes newly listed for sale in Brookland and Woodridge compared to 81 in March 2024, a decrease of 2%. There were 38 current contracts pending sale this March compared to 47 a year ago. The number of current contracts is 19% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Brookland and Woodridge was 99.3% of the average list price, which is 1.6% higher than at this time last year. Days on Market This month, the average number of days on market was 55, higher than the average last year, which was 44, an increase of 25%.


	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.