The Long & Foster Market Minute

Focus On: Hyattsville, Brentwood, Bladensburg, and Mount Rainier Housing Market January 2024

Zip Code(s): 20781, 20782, 20783, 20784, 20785, 20710, 20712, 20722, 20770, 20769, 20706, 20740 and 20737
Units Sold
127
Active Inventory
216
Median Sale Price
$395,000
Days On Market
30
Down -6%
Vs. Year Ago
Down -34%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -12%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in January, with 127 sold this month in Hyattsville, Brentwood, Bladensburg, and Mount Rainier Real Estate versus 153 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 6% versus January 2023.

Active Inventory
Versus last year, the total number of homes available this month is lower by 110 units or 34%. The total number of active inventory this January was 216 compared to 326 in January 2023. This month's total of 216 is lower than the previous month's total supply of available inventory of 276, a decrease of 22%.

Median Sale Price
Last January, the median sale price for Hyattsville, Brentwood, Bladensburg, and Mount Rainier Homes was $385,000. This January, the median sale price was $395,000, an increase of 3% or $10,000 compared to last year. The current median sold price is 2% lower than in December.

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


New Listings
172
Current Contracts
185
Sold Vs. List Price
99.7%
Months of Supply
1.7
Down -14%
Vs. Year Ago
Up 11%
Vs. Year Ago
Up 0.9%
Vs. Year Ago
Down -29%
Vs. Year Ago

Months of Supply
In January, there was 1.7 months of supply available in Hyattsville, Brentwood, Bladensburg, and Mount Rainier, compared to 2.4 in January 2023. That is a decrease of 30% 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 172 homes newly listed for sale in Hyattsville, Brentwood, Bladensburg, and Mount Rainier compared to 201 in January 2023, a decrease of 14%. There were 185 current contracts pending sale this January compared to 167 a year ago. The number of current contracts is 11% higher than last January.

Sale Price to List Price Ratio
In January, the average sale price in Hyattsville, Brentwood, Bladensburg, and Mount Rainier was 99.7% of the average list price, which is 0.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 30, lower than the average last year, which was 34, a decrease of 12%.

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.