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| SEPTEMBER 2025 | |||
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| Zip Code(s): 20024 | |||
| Units Sold 14 |
Active Inventory 104 |
Median Sale Price $522,000 |
Days On Market 81 |
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| Up Vs. Year Ago |
Down -13% Vs. Year Ago |
Up Vs. Year Ago |
Up 21% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was a decrease in total units sold in September, with 14 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 from September 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 15 units or 13%. The total number of active inventory this September was 104 compared to 119 in September 2024. This month's total of 104 is higher than the previous month's total supply of available inventory of 93, an increase of 12%. |
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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 September, the median sale price for Southwest and Waterfront Homes was $407,000. This September, the median sale price was $522,000, an increase of $115,000 compared to last year. The current median sold price is higher than in August. 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 38 |
Current Contracts 14 |
Sold Vs. List Price 96.9% |
Months of Supply 7.4 |
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| Up 27% Vs. Year Ago |
Up 8% Vs. Year Ago |
Down Vs. Year Ago |
Down -63% Vs. Year Ago |
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Months of Supply
In September, there was 7.4 months of supply available in Southwest and Waterfront, compared to 19.8 in September 2024. That is a decrease of 63% 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 38 homes newly listed for sale in Southwest and Waterfront compared to 30 in September 2024, an increase of 27%. There were 14 current contracts pending sale this September compared to 13 a year ago. The number of current contracts is 8% higher than last September. |
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Sale Price to List Price Ratio
In September, the average sale price in Southwest and Waterfront was 96.9% of the average list price, which is lower than at this time last year. Days on Market
This month, the average number of days on market was 81, higher than the average last year, which was 67, an increase of 21%. | |||
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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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