BROOKLAND AND WOODRIDGE HOUSING MARKET DATA

There was a decrease in total units sold in January, with 30 sold this month in Brookland and Woodridge Real Estate versus 38 last month, a decrease of 21%. This month's total units sold was higher than at this time last year, an increase of 7% versus January 2024.

Versus last year, the total number of homes available this month is lower by 15 units or 12%. The total number of active inventory this January was 115 compared to 130 in January 2024. This month's total of 115 is lower than the previous month's total supply of available inventory of 128, a decrease of 10%.

Last January, the median sale price for Brookland and Woodridge Homes was $594,500. This January, the median sale price was $607,500, an increase of 2% or $13,000 compared to last year. The current median sold price is 6% lower than in December.

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

In January, there was 3.8 months of supply available in Brookland and Woodridge, compared to 4.6 in January 2024. That is a decrease of 17% 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 47 homes newly listed for sale in Brookland and Woodridge compared to 73 in January 2024, a decrease of 36%. There were 35 current contracts pending sale this January, consistent with the volume a year ago. The number of current contracts is 67% higher than last month.

In January, the average sale price in Brookland and Woodridge was 97.0% of the average list price, which is 1.8% lower than at this time last year.

This month, the average number of days on market was 65, higher than the average last year, which was 48, an increase of 35%.





FOCUS ON: BROOKLAND AND WOODRIDGE HOUSING MARKET			JANUARY 2025

Zip Code(s): 20017 and 20018
Units Sold 30	Active Inventory 115	Median Sale Price $607,500	Days On Market 65

Up 7% Vs. Year Ago	Down -12% Vs. Year Ago	Up 2% Vs. Year Ago	Up 35% Vs. Year Ago


		Units Sold There was a decrease in total units sold in January, with 30 sold this month in Brookland and Woodridge Real Estate versus 38 last month, a decrease of 21%. This month's total units sold was higher than at this time last year, an increase of 7% versus January 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 15 units or 12%. The total number of active inventory this January was 115 compared to 130 in January 2024. This month's total of 115 is lower than the previous month's total supply of available inventory of 128, a decrease of 10%.
		Median Sale Price Last January, the median sale price for Brookland and Woodridge Homes was $594,500. This January, the median sale price was $607,500, an increase of 2% or $13,000 compared to last year. The current median sold price is 6% lower than in December. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 47	Current Contracts 35	Sold Vs. List Price 97.0%	Months of Supply 3.8

Down -36% Vs. Year Ago	No Change Vs. Year Ago	Down -1.8% Vs. Year Ago	Down -17% Vs. Year Ago


		Months of Supply In January, there was 3.8 months of supply available in Brookland and Woodridge, compared to 4.6 in January 2024. That is a decrease of 17% 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 47 homes newly listed for sale in Brookland and Woodridge compared to 73 in January 2024, a decrease of 36%. There were 35 current contracts pending sale this January, consistent with the volume a year ago. The number of current contracts is 67% higher than last month.
		Sale Price to List Price Ratio In January, the average sale price in Brookland and Woodridge was 97.0% of the average list price, which is 1.8% lower than at this time last year. Days on Market This month, the average number of days on market was 65, higher than the average last year, which was 48, an increase of 35%.


	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.