The Long & Foster Market Minute


Zip Code(s): 20019
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 3%
Vs. Year Ago
Down -3%
Vs. Year Ago
Up 9%
Vs. Year Ago
Vs. Year Ago

Units Sold
The number of units sold remained stable in April, with 30 sold this month in Deanwood and Marshall Heights Real Estate. This month's total units sold was higher than at this time last year, an increase of 23% versus April 2023.

Active Inventory
Versus last year, the total number of homes available this month is lower by 4 units or 3%. The total number of active inventory this April was 154 compared to 158 in April 2023. This month's total of 154 is lower than the previous month's total supply of available inventory of 162, a decrease of 5%.

Median Sale Price
Last April, the median sale price for Deanwood and Marshall Heights Homes was $370,000. This April, the median sale price was $404,650, an increase of 9% or $34,650 compared to last year. The current median sold price is 2% lower than in March.

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
Down -23%
Vs. Year Ago
Up 8%
Vs. Year Ago
Down -0.9%
Vs. Year Ago
Down -6%
Vs. Year Ago

Months of Supply
In April, there was 5.1 months of supply available in Deanwood and Marshall Heights, compared to 5.4 in April 2023. That is a decrease of 6% 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 54 homes newly listed for sale in Deanwood and Marshall Heights compared to 70 in April 2023, a decrease of 23%. There were 39 current contracts pending sale this April compared to 36 a year ago. The number of current contracts is 8% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Deanwood and Marshall Heights was 96.9% of the average list price, which is 0.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 52, higher than the average last year, which was 34. This increase was impacted by the limited number of sales.

The Long & Foster Market Minute 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.
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.