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| AUGUST 2025 | |||
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| Zip Code(s): 20024 | |||
| Units Sold 17 |
Active Inventory 87 |
Median Sale Price $375,000 |
Days On Market 63 |
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| Up 31% Vs. Year Ago |
Down -26% Vs. Year Ago |
Down Vs. Year Ago |
Up 3% Vs. Year Ago |
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Units Sold
The number of units sold remained stable in August, with 17 sold this month in Southwest and Waterfront Real Estate. This month's total units sold was higher than at this time last year, an increase of 43% versus August 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 30 units or 26%. The total number of active inventory this August was 87 compared to 117 in August 2024. This month's total of 87 is lower than the previous month's total supply of available inventory of 109, a decrease of 20%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last August, the median sale price for Southwest and Waterfront Homes was $450,000. This August, the median sale price was $375,000, a decrease of $75,000 compared to last year. The current median sold price is lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 20 |
Current Contracts 17 |
Sold Vs. List Price 95.9% |
Months of Supply 5.1 |
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| Down -43% Vs. Year Ago |
Up 42% Vs. Year Ago |
Down -2.5% Vs. Year Ago |
Down -43% Vs. Year Ago |
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Months of Supply
In August, there was 5.1 months of supply available in Southwest and Waterfront, compared to 9.0 in August 2024. That is a decrease of 43% 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. |
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New Listings & Current Contracts
This month there were 20 homes newly listed for sale in Southwest and Waterfront compared to 35 in August 2024, a decrease of 43%. There were 17 current contracts pending sale this August compared to 12 a year ago. The number of current contracts remained stable as compared to last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Southwest and Waterfront was 95.9% of the average list price, which is 2.4% lower than at this time last year. Days on Market
This month, the average number of days on market was 63, higher than the average last year, which was 61, an increase of 3%. | |||
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Southwest and Waterfront are defined as properties in zip code 20024. | ||
| *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. |
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