The Long & Foster Market Minute

Focus On: Hyattsville, Brentwood, Bladensburg, and Mount Rainier Housing Market December 2022

Zip Code(s): 20781, 20782, 20783, 20784, 20785, 20710, 20712, 20722, 20770, 20769, 20706, 20740 and 20737
Units Sold
202
Active Inventory
306
Median Sale Price
$373,750
Days On Market
29
Down -28%
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up 38%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 202 sold this month in Hyattsville, Brentwood, Bladensburg, and Mount Rainier Real Estate versus 171 last month, an increase of 18%. This month's total units sold was lower than at this time last year, a decrease of 28% versus December 2021.

Active Inventory
Versus last year, the total number of homes available this month is higher by 28 units or 10%. The total number of active inventory this December was 306 compared to 278 in December 2021. This month's total of 306 is lower than the previous month's total supply of available inventory of 417, a decrease of 27%.

Median Sale Price
Last December, the median sale price for Hyattsville, Brentwood, Bladensburg, and Mount Rainier Homes was $364,245. This December, the median sale price was approximately the same at $373,750. The current median sold price is 3% higher than in December 2021.

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


New Listings
132
Current Contracts
141
Sold Vs. List Price
99.4%
Months of Supply
1.5
Down -33%
Vs. Year Ago
Down -24%
Vs. Year Ago
Down -1.4%
Vs. Year Ago
Up 53%
Vs. Year Ago

Months of Supply
In December, there was 1.5 months of supply available in Hyattsville, Brentwood, Bladensburg, and Mount Rainier, compared to 1.0 in December 2021. That is an increase of 53% 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 132 homes newly listed for sale in Hyattsville, Brentwood, Bladensburg, and Mount Rainier compared to 198 in December 2021, a decrease of 33%. There were 141 current contracts pending sale this December compared to 185 a year ago. The number of current contracts is 24% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Hyattsville, Brentwood, Bladensburg, and Mount Rainier was 99.4% of the average list price, which is 1.4% lower than at this time last year.

Days on Market
This month, the average number of days on market was 29, higher than the average last year, which was 21, an increase of 38%.

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.