The Long & Foster Market Minute


Zip Code(s): 20036 and 20037
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -13%
Vs. Year Ago
Up 10%
Vs. Year Ago
Vs. Year Ago
Down -47%
Vs. Year Ago

Units Sold
There was an increase in total units sold in May, with 42 sold this month in Foggy Bottom and West End Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 10 units or 10%. The total number of active inventory this May was 115 compared to 105 in May 2023. This month's total of 115 is lower than the previous month's total supply of available inventory of 126, a decrease of 9%.

Median Sale Price
Last May, the median sale price for Foggy Bottom and West End Homes was $782,500. This May, the median sale price was $393,500, a decrease of $389,000 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 14%
Vs. Year Ago
Up 61%
Vs. Year Ago
Up 1.7%
Vs. Year Ago
Up 25%
Vs. Year Ago

Months of Supply
In May, there was 2.7 months of supply available in Foggy Bottom and West End, compared to 2.2 in May 2023. That is an increase of 25% 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 50 homes newly listed for sale in Foggy Bottom and West End compared to 44 in May 2023, an increase of 14%. There were 45 current contracts pending sale this May compared to 28 a year ago. The number of current contracts is 61% higher than last May.

Sale Price to List Price Ratio
In May, the average sale price in Foggy Bottom and West End was 98.0% of the average list price, which is 1.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 36, lower than the average last year, which was 68, a decrease of 47%.

The Long & Foster Market Minute Foggy Bottom and West End are defined as properties in zip codes 20036/20037.
*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.