FOGGY BOTTOM AND WEST END HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in March, with 29 sold this month in Foggy Bottom and West End Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2024.

Versus last year, the total number of homes available this month is higher by 52 units or 46%. The total number of active inventory this March was 166 compared to 114 in March 2024. This month's total of 166 is higher than the previous month's total supply of available inventory of 148, an increase of 12%.

Last March, the median sale price for Foggy Bottom and West End Homes was $609,900. This March, the median sale price was $585,000, a decrease of 4% or $24,900 compared to last year. The current median sold price is 3% 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 5.7 months of supply available in Foggy Bottom and West End, compared to 6.0 in March 2024. That is a decrease of 5% 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 59 homes newly listed for sale in Foggy Bottom and West End, which is similar to the amount in March 2024. There were 24 current contracts pending sale this March compared to 22 a year ago. The number of current contracts is 9% higher than last March.

In March, the average sale price in Foggy Bottom and West End was 97.2% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 83, higher than the average last year, which was 24. This increase was impacted by the limited number of sales.





FOCUS ON: FOGGY BOTTOM AND WEST END HOUSING MARKET			MARCH 2025

Zip Code(s): 20036 and 20037
Units Sold 29	Active Inventory 166	Median Sale Price $585,000	Days On Market 83

Up Vs. Year Ago	Up 46% Vs. Year Ago	Down -4% Vs. Year Ago	Up Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in March, with 29 sold this month in Foggy Bottom and West End Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 52 units or 46%. The total number of active inventory this March was 166 compared to 114 in March 2024. This month's total of 166 is higher than the previous month's total supply of available inventory of 148, an increase of 12%.
		Median Sale Price Last March, the median sale price for Foggy Bottom and West End Homes was $609,900. This March, the median sale price was $585,000, a decrease of 4% or $24,900 compared to last year. The current median sold price is 3% 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 59	Current Contracts 24	Sold Vs. List Price 97.2%	Months of Supply 5.7

No Change Vs. Year Ago	Up 9% Vs. Year Ago	No Change Vs. Year Ago	Down -5% Vs. Year Ago


		Months of Supply In March, there was 5.7 months of supply available in Foggy Bottom and West End, compared to 6.0 in March 2024. That is a decrease of 5% 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 59 homes newly listed for sale in Foggy Bottom and West End, which is similar to the amount in March 2024. There were 24 current contracts pending sale this March compared to 22 a year ago. The number of current contracts is 9% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Foggy Bottom and West End was 97.2% 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 83, higher than the average last year, which was 24. This increase was impacted by the limited number of sales.


	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.
	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.