BROOKLAND AND WOODRIDGE HOUSING MARKET DATA

There was a decrease in total units sold in May, with 32 sold this month in Brookland and Woodridge Real Estate versus 38 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 32% versus May 2024.

Versus last year, the total number of homes available this month is higher by 13 units or 8%. The total number of active inventory this May was 180 compared to 167 in May 2024. This month's total of 180 is lower than the previous month's total supply of available inventory of 194, a decrease of 7%.

Last May, the median sale price for Brookland and Woodridge Homes was $560,000. This May, the median sale price was $605,000, an increase of 8% or $45,000 compared to last year. The current median sold price is 14% 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.

In May, there was 5.6 months of supply available in Brookland and Woodridge, compared to 3.6 in May 2024. That is an increase of 58% 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 65 homes newly listed for sale in Brookland and Woodridge compared to 84 in May 2024, a decrease of 23%. There were 35 current contracts pending sale this May compared to 41 a year ago. The number of current contracts is 15% lower than last May.

In May, the average sale price in Brookland and Woodridge was 99.0% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 27, which is similar compared to a year ago.





FOCUS ON: BROOKLAND AND WOODRIDGE HOUSING MARKET			MAY 2025

Zip Code(s): 20017 and 20018
Units Sold 32	Active Inventory 180	Median Sale Price $605,000	Days On Market 27

Down -32% Vs. Year Ago	Up 8% Vs. Year Ago	Up 8% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 32 sold this month in Brookland and Woodridge Real Estate versus 38 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 32% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 13 units or 8%. The total number of active inventory this May was 180 compared to 167 in May 2024. This month's total of 180 is lower than the previous month's total supply of available inventory of 194, a decrease of 7%.
		Median Sale Price Last May, the median sale price for Brookland and Woodridge Homes was $560,000. This May, the median sale price was $605,000, an increase of 8% or $45,000 compared to last year. The current median sold price is 14% 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 65	Current Contracts 35	Sold Vs. List Price 99.0%	Months of Supply 5.6

Down -23% Vs. Year Ago	Down -15% Vs. Year Ago	No Change Vs. Year Ago	Up 59% Vs. Year Ago


		Months of Supply In May, there was 5.6 months of supply available in Brookland and Woodridge, compared to 3.6 in May 2024. That is an increase of 58% 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 65 homes newly listed for sale in Brookland and Woodridge compared to 84 in May 2024, a decrease of 23%. There were 35 current contracts pending sale this May compared to 41 a year ago. The number of current contracts is 15% 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 similar compared to a year ago. Days on Market This month, the average number of days on market was 27, which is similar compared to a year ago.


	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.