 |
|||
 |
|||
| | |||
| JULY 2025 | |||
| | |||
| Zip Code(s): 20011 | |||
| Units Sold 69 |
Active Inventory 292 |
Median Sale Price $720,000 |
Days On Market 54 |
|
|
|
|
|
| Up Vs. Year Ago |
Down -10% Vs. Year Ago |
Down -10% Vs. Year Ago |
Up 15% Vs. Year Ago |
| | |||
Units Sold
There was an increase in total units sold in July, with 69 sold this month in Petworth Real Estate. This month's total units sold was higher than at this time last year. |
|||
Active Inventory
Versus last year, the total number of homes available this month is lower by 32 units or 10%. The total number of active inventory this July was 292 compared to 324 in July 2024. This month's total of 292 is lower than the previous month's total supply of available inventory of 319, a decrease of 8%. |
|||
Median Sale Price
Last July, the median sale price for Petworth Homes was $799,000. This July, the median sale price was $720,000, a decrease of 10% or $79,000 compared to last year. The current median sold price is 8% higher than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
|||
| | |||
| New Listings 83 |
Current Contracts 50 |
Sold Vs. List Price 98.0% |
Months of Supply 4.2 |
|
|
|
|
|
| Down -28% Vs. Year Ago |
Up 11% Vs. Year Ago |
Down -1.3% Vs. Year Ago |
Down -36% Vs. Year Ago |
| | |||
Months of Supply
In July, there was 4.2 months of supply available in Petworth, compared to 6.6 in July 2024. That is a decrease of 36% 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 83 homes newly listed for sale in Petworth compared to 115 in July 2024, a decrease of 28%. There were 50 current contracts pending sale this July compared to 45 a year ago. The number of current contracts is 11% higher than last July. |
|||
Sale Price to List Price Ratio
In July, the average sale price in Petworth was 98.0% of the average list price, which is 1.3% lower than at this time last year. Days on Market
This month, the average number of days on market was 54, higher than the average last year, which was 47, an increase of 15%. | |||
 |
Petworth are defined as properties listed in zip code/s 20011. | ||
| *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. |
|||