The Long & Foster Market Minute

FOCUS ON: HYATTSVILLE, BRENTWOOD, BLADENSBURG, AND MOUNT RAINIER HOUSING MARKET APRIL 2025

Zip Code(s): 20781, 20782, 20783, 20784, 20785, 20710, 20712, 20722, 20770, 20769, 20706, 20740 and 20737
Units Sold
158
Active Inventory
358
Median Sale Price
$460,000
Days On Market
26
Down -13%
Vs. Year Ago
Up 4%
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 13%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 158 sold this month in Hyattsville, Brentwood, Bladensburg, and Mount Rainier Real Estate versus 134 last month, an increase of 18%. This month's total units sold was lower than at this time last year, a decrease of 13% versus April 2024.

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 April was 358 compared to 343 in April 2024. This month's total of 358 is lower than the previous month's total supply of available inventory of 433, a decrease of 17%.

Median Sale Price
Last April, the median sale price for Hyattsville, Brentwood, Bladensburg, and Mount Rainier Homes was $420,000. This April, the median sale price was $460,000, an increase of 10% or $40,000 compared to last year. The current median sold price is 15% higher than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
190
Current Contracts
197
Sold Vs. List Price
100.5%
Months of Supply
2.3
Down -34%
Vs. Year Ago
Down -7%
Vs. Year Ago
Down -0.6%
Vs. Year Ago
Up 21%
Vs. Year Ago

Months of Supply
In April, there was 2.3 months of supply available in Hyattsville, Brentwood, Bladensburg, and Mount Rainier, compared to 1.9 in April 2024. That is an increase of 20% 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 190 homes newly listed for sale in Hyattsville, Brentwood, Bladensburg, and Mount Rainier compared to 288 in April 2024, a decrease of 34%. There were 197 current contracts pending sale this April compared to 211 a year ago. The number of current contracts is 7% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Hyattsville, Brentwood, Bladensburg, and Mount Rainier was 100.5% of the average list price, which is 0.6% lower than at this time last year.

Days on Market
This month, the average number of days on market was 26, higher than the average last year, which was 23, an increase of 13%.

The Long & Foster Market Minute Hyattsville, Brentwood, Bladensburg, and Mount Rainier are defined as properties listed in zip code/s 20781, 20782, 20783, 20784, 20785, 20710, 20712, 20722, 20770, 20769, 20706, 20740 and 20737.
*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.
REALTOR, Equal Opportunity HousingInformation 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.