DEANWOOD AND MARSHALL HEIGHTS HOUSING MARKET DATA

There was a decrease in total units sold in March, with 31 sold this month in Deanwood and Marshall Heights Real Estate versus 41 last month, a decrease of 24%. This month's total units sold was higher than at this time last year, an increase of 3% versus March 2024.

Versus last year, the total number of homes available this month is lower by 44 units or 24%. The total number of active inventory this March was 136 compared to 180 in March 2024. This month's total of 136 is higher than the previous month's total supply of available inventory of 121, an increase of 12%.

Last March, the median sale price for Deanwood and Marshall Heights Homes was $411,000. This March, the median sale price was $355,000, a decrease of 14% or $56,000 compared to last year. The current median sold price is 11% lower than in February.

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

In March, there was 4.4 months of supply available in Deanwood and Marshall Heights, compared to 6.0 in March 2024. That is a decrease of 27% 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 64 homes newly listed for sale in Deanwood and Marshall Heights compared to 78 in March 2024, a decrease of 18%. There were 24 current contracts pending sale this March compared to 35 a year ago. The number of current contracts is 31% lower than last March.

In March, the average sale price in Deanwood and Marshall Heights was 98.1% of the average list price, which is 0.5% lower than at this time last year.

This month, the average number of days on market was 89, higher than the average last year, which was 53. This increase was impacted by the limited number of sales.





FOCUS ON: DEANWOOD AND MARSHALL HEIGHTS HOUSING MARKET			MARCH 2025

Zip Code(s): 20019
Units Sold 31	Active Inventory 136	Median Sale Price $355,000	Days On Market 89

Up 3% Vs. Year Ago	Down -24% Vs. Year Ago	Down -14% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was a decrease in total units sold in March, with 31 sold this month in Deanwood and Marshall Heights Real Estate versus 41 last month, a decrease of 24%. This month's total units sold was higher than at this time last year, an increase of 3% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 44 units or 24%. The total number of active inventory this March was 136 compared to 180 in March 2024. This month's total of 136 is higher than the previous month's total supply of available inventory of 121, an increase of 12%.
		Median Sale Price Last March, the median sale price for Deanwood and Marshall Heights Homes was $411,000. This March, the median sale price was $355,000, a decrease of 14% or $56,000 compared to last year. The current median sold price is 11% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 64	Current Contracts 24	Sold Vs. List Price 98.1%	Months of Supply 4.4

Down -18% Vs. Year Ago	Down -31% Vs. Year Ago	Down -0.5% Vs. Year Ago	Down -27% Vs. Year Ago


		Months of Supply In March, there was 4.4 months of supply available in Deanwood and Marshall Heights, compared to 6.0 in March 2024. That is a decrease of 27% 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 64 homes newly listed for sale in Deanwood and Marshall Heights compared to 78 in March 2024, a decrease of 18%. There were 24 current contracts pending sale this March compared to 35 a year ago. The number of current contracts is 31% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Deanwood and Marshall Heights was 98.1% of the average list price, which is 0.5% lower than at this time last year. Days on Market This month, the average number of days on market was 89, higher than the average last year, which was 53. This increase was impacted by the limited number of sales.


	Deanwood and Marshall Heights are defined as properties listed in zip code/s 20019.
	*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.