The Long & Foster Market Minute


Zip Code(s): 20017 and 20018
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Up 2%
Vs. Year Ago
Down -25%
Vs. Year Ago
Down -29%
Vs. Year Ago

Units Sold
There was an increase in total units sold in May, with 42 sold this month in Brookland and Woodridge Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 3 units or 2%. The total number of active inventory this May was 141 compared to 138 in May 2023. This month's total of 141 is lower than the previous month's total supply of available inventory of 153, a decrease of 8%.

Median Sale Price
Last May, the median sale price for Brookland and Woodridge Homes was $787,450. This May, the median sale price was $590,000, a decrease of $197,450 compared to last year. The current median sold price is lower than in April.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 12%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
Down -32%
Vs. Year Ago

Months of Supply
In May, there was 3.4 months of supply available in Brookland and Woodridge, compared to 4.9 in May 2023. That is a decrease of 32% 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 77 homes newly listed for sale in Brookland and Woodridge compared to 69 in May 2023, an increase of 12%. There were 45 current contracts pending sale this May compared to 47 a year ago. The number of current contracts is 4% lower than last May.

Sale Price to List Price Ratio
In May, the average sale price in Brookland and Woodridge was 99.0% of the average list price, which is 0.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 27, lower than the average last year, which was 38, a decrease of 29%.

The Long & Foster Market Minute 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.
REALTOR, Equal Opportunity HousingInformation 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.