Brookland and Woodridge Housing Market Data

There was a decrease in total units sold in October, with 27 sold this month in Brookland and Woodridge Real Estate versus 32 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 10% versus October 2022.

Versus last year, the total number of homes available this month is lower by 16 units or 11%. The total number of active inventory this October was 126 compared to 142 in October 2022. This month's total of 126 is lower than the previous month's total supply of available inventory of 141, a decrease of 11%.

Last October, the median sale price for Brookland and Woodridge Homes was $636,592. This October, the median sale price was approximately the same at $689,999. The current median sold price is 8% higher than in October 2022.

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

In October, there was 4.7 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 42 homes newly listed for sale in Brookland and Woodridge compared to 73 in October 2022, a decrease of 42%. There were 25 current contracts pending sale this October compared to 20 a year ago. The number of current contracts is 25% higher than last October.

In October, the average sale price in Brookland and Woodridge was 100.4% of the average list price, which is 0.6% lower than at this time last year.

This month, the average number of days on market was 45, higher than the average last year, which was 32, an increase of 41%.





Focus On: Brookland and Woodridge Housing Market			October 2023

Zip Code(s): 20017 and 20018
Units Sold 27	Active Inventory 126	Median Sale Price $689,999	Days On Market 45

Down -10% Vs. Year Ago	Down -11% Vs. Year Ago	Up 8% Vs. Year Ago	Up 41% Vs. Year Ago


		Units Sold There was a decrease in total units sold in October, with 27 sold this month in Brookland and Woodridge Real Estate versus 32 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 10% versus October 2022.
Active Inventory Versus last year, the total number of homes available this month is lower by 16 units or 11%. The total number of active inventory this October was 126 compared to 142 in October 2022. This month's total of 126 is lower than the previous month's total supply of available inventory of 141, a decrease of 11%.
		Median Sale Price Last October, the median sale price for Brookland and Woodridge Homes was $636,592. This October, the median sale price was approximately the same at $689,999. The current median sold price is 8% higher than in October 2022. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 42	Current Contracts 25	Sold Vs. List Price 100.4%	Months of Supply 4.7

Down -42% Vs. Year Ago	Up 25% Vs. Year Ago	Down -0.6% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In October, there was 4.7 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 42 homes newly listed for sale in Brookland and Woodridge compared to 73 in October 2022, a decrease of 42%. There were 25 current contracts pending sale this October compared to 20 a year ago. The number of current contracts is 25% higher than last October.
		Sale Price to List Price Ratio In October, the average sale price in Brookland and Woodridge was 100.4% of the average list price, which is 0.6% lower than at this time last year. Days on Market This month, the average number of days on market was 45, higher than the average last year, which was 32, an increase of 41%.


	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.