SHEPHERD PARK AND PETWORTH HOUSING MARKET DATA

There was a decrease in total units sold in March, with 53 sold this month in Shepherd Park and Petworth Real Estate versus 58 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 12% versus March 2024.

Versus last year, the total number of homes available this month is higher by 21 units or 7%. The total number of active inventory this March was 325 compared to 304 in March 2024. This month's total of 325 is higher than the previous month's total supply of available inventory of 310, an increase of 5%.

Last March, the median sale price for Shepherd Park and Petworth Homes was $655,125. This March, the median sale price was $635,000, a decrease of 3% or $20,125 compared to last year. The current median sold price is 6% 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 6.1 months of supply available in Shepherd Park and Petworth, compared to 5.1 in March 2024. That is an increase of 21% 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 161 homes newly listed for sale in Shepherd Park and Petworth compared to 139 in March 2024, an increase of 16%. There were 72 current contracts pending sale this March compared to 64 a year ago. The number of current contracts is 13% higher than last March.

In March, the average sale price in Shepherd Park and Petworth was 99.2% of the average list price, which is 0.5% lower than at this time last year.

This month, the average number of days on market was 60, higher than the average last year, which was 55, an increase of 9%.





FOCUS ON: SHEPHERD PARK AND PETWORTH HOUSING MARKET			MARCH 2025

Zip Code(s): 20011 and 20012
Units Sold 53	Active Inventory 325	Median Sale Price $635,000	Days On Market 60

Down -12% Vs. Year Ago	Up 7% Vs. Year Ago	Down -3% Vs. Year Ago	Up 9% Vs. Year Ago


		Units Sold There was a decrease in total units sold in March, with 53 sold this month in Shepherd Park and Petworth Real Estate versus 58 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 12% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 21 units or 7%. The total number of active inventory this March was 325 compared to 304 in March 2024. This month's total of 325 is higher than the previous month's total supply of available inventory of 310, an increase of 5%.
		Median Sale Price Last March, the median sale price for Shepherd Park and Petworth Homes was $655,125. This March, the median sale price was $635,000, a decrease of 3% or $20,125 compared to last year. The current median sold price is 6% 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 161	Current Contracts 72	Sold Vs. List Price 99.2%	Months of Supply 6.1

Up 16% Vs. Year Ago	Up 13% Vs. Year Ago	Down -0.5% Vs. Year Ago	Up 21% Vs. Year Ago


		Months of Supply In March, there was 6.1 months of supply available in Shepherd Park and Petworth, compared to 5.1 in March 2024. That is an increase of 21% 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 161 homes newly listed for sale in Shepherd Park and Petworth compared to 139 in March 2024, an increase of 16%. There were 72 current contracts pending sale this March compared to 64 a year ago. The number of current contracts is 13% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Shepherd Park and Petworth was 99.2% of the average list price, which is 0.5% lower than at this time last year. Days on Market This month, the average number of days on market was 60, higher than the average last year, which was 55, an increase of 9%.


	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.