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| JULY 2025 | |||
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| Zip Code(s): 20017 and 20018 | |||
| Units Sold 36 |
Active Inventory 169 |
Median Sale Price $715,000 |
Days On Market 43 |
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| Down -5% Vs. Year Ago |
Down -8% Vs. Year Ago |
Up Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
There was an increase in total units sold in July, with 36 sold this month in Brookland and Woodridge Real Estate versus 33 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 5% versus July 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 14 units or 8%. The total number of active inventory this July was 169 compared to 183 in July 2024. This month's total of 169 is lower than the previous month's total supply of available inventory of 182, a decrease of 7%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last July, the median sale price for Brookland and Woodridge Homes was $567,500. This July, the median sale price was $715,000, an increase of $147,500 compared to last year. The current median sold price is higher than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 63 |
Current Contracts 26 |
Sold Vs. List Price 99.6% |
Months of Supply 4.7 |
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| Down -14% Vs. Year Ago |
Down -13% Vs. Year Ago |
No Change Vs. Year Ago |
Down -3% Vs. Year Ago |
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Months of Supply
In July, there was 4.7 months of supply available in Brookland and Woodridge, compared to 4.8 in July 2024. That is a decrease of 3% 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. |
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New Listings & Current Contracts
This month there were 63 homes newly listed for sale in Brookland and Woodridge compared to 73 in July 2024, a decrease of 14%. There were 26 current contracts pending sale this July compared to 30 a year ago. The number of current contracts is 13% lower than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in Brookland and Woodridge was 99.6% 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 43, higher than the average last year, which was 23. This increase was impacted by the limited number of sales. | |||
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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. |
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