SHEPHERD PARK AND PETWORTH HOUSING MARKET DATA

There was an increase in total units sold in May, with 75 sold this month in Shepherd Park and Petworth Real Estate. This month's total units sold was lower than at this time last year.

Versus last year, the total number of homes available this month is higher by 15 units or 4%. The total number of active inventory this May was 368 compared to 353 in May 2024. This month's total of 368 is lower than the previous month's total supply of available inventory of 416, a decrease of 12%.

Last May, the median sale price for Shepherd Park and Petworth Homes was $665,000. This May, the median sale price was $810,456, an increase of 22% or $145,456 compared to last year. The current median sold price is 18% higher 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.

In May, there was 4.9 months of supply available in Shepherd Park and Petworth, compared to 4.5 in May 2024. That is an increase of 10% 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 125 homes newly listed for sale in Shepherd Park and Petworth compared to 142 in May 2024, a decrease of 12%. There were 83 current contracts pending sale this May compared to 61 a year ago. The number of current contracts is 36% higher than last May.

In May, the average sale price in Shepherd Park and Petworth was 98.4% of the average list price, which is 1.9% lower than at this time last year.

This month, the average number of days on market was 29, which is similar compared to a year ago.





FOCUS ON: SHEPHERD PARK AND PETWORTH HOUSING MARKET			MAY 2025

Zip Code(s): 20011 and 20012
Units Sold 75	Active Inventory 368	Median Sale Price $810,456	Days On Market 29

Down -5% Vs. Year Ago	Up 4% Vs. Year Ago	Up 22% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 75 sold this month in Shepherd Park and Petworth 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 15 units or 4%. The total number of active inventory this May was 368 compared to 353 in May 2024. This month's total of 368 is lower than the previous month's total supply of available inventory of 416, a decrease of 12%.
		Median Sale Price Last May, the median sale price for Shepherd Park and Petworth Homes was $665,000. This May, the median sale price was $810,456, an increase of 22% or $145,456 compared to last year. The current median sold price is 18% higher 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 125	Current Contracts 83	Sold Vs. List Price 98.4%	Months of Supply 4.9

Down -12% Vs. Year Ago	Up 36% Vs. Year Ago	Down -1.9% Vs. Year Ago	Up 10% Vs. Year Ago


		Months of Supply In May, there was 4.9 months of supply available in Shepherd Park and Petworth, compared to 4.5 in May 2024. That is an increase of 10% 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 125 homes newly listed for sale in Shepherd Park and Petworth compared to 142 in May 2024, a decrease of 12%. There were 83 current contracts pending sale this May compared to 61 a year ago. The number of current contracts is 36% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Shepherd Park and Petworth was 98.4% of the average list price, which is 1.9% lower than at this time last year. Days on Market This month, the average number of days on market was 29, which is similar compared to a year ago.


	Shepherd Park and Petworth are defined by properties in zip codes 20011/20012 and includes but is not limited to these neighborhoods: Shepherd Park, Colonial Village, Crestwood, and Petworth.
	*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.