OLNEY, DERWOOD, AND BROOKEVILLE HOUSING MARKET DATA

There was an increase in total units sold in May, with 72 sold this month in Olney, Derwood, and Brookeville Real Estate versus 54 last month, an increase of 33%. This month's total units sold was higher than at this time last year, an increase of 31% versus May 2024.

Versus last year, the total number of homes available this month is higher by 20 units or 30%. The total number of active inventory this May was 86 compared to 66 in May 2024. This month's total of 86 is lower than the previous month's total supply of available inventory of 98, a decrease of 12%.

Last May, the median sale price for Olney, Derwood, and Brookeville Homes was $750,000. This May, the median sale price was $740,000, a decrease of 1% or $10,000 compared to last year. The current median sold price is 10% higher than in April.

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

In May, there was 1.2 months of supply available in Olney, Derwood, and Brookeville. The amount of supply is similar compared to 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.

This month there were 62 homes newly listed for sale in Olney, Derwood, and Brookeville compared to 52 in May 2024, an increase of 19%. There were 62 current contracts pending sale this May compared to 52 a year ago. The number of current contracts is 19% higher than last May.

In May, the average sale price in Olney, Derwood, and Brookeville was 101.3% of the average list price, which is 1.8% lower than at this time last year.

This month, the average number of days on market was 10, which is similar compared to a year ago.





FOCUS ON: OLNEY, DERWOOD, AND BROOKEVILLE HOUSING MARKET			MAY 2025

Zip Code(s): 20832, 20855, 20833, 20860, 20862 and 20861
Units Sold 72	Active Inventory 86	Median Sale Price $740,000	Days On Market 10

Up 31% Vs. Year Ago	Up 30% Vs. Year Ago	Down -1% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 72 sold this month in Olney, Derwood, and Brookeville Real Estate versus 54 last month, an increase of 33%. This month's total units sold was higher than at this time last year, an increase of 31% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 20 units or 30%. The total number of active inventory this May was 86 compared to 66 in May 2024. This month's total of 86 is lower than the previous month's total supply of available inventory of 98, a decrease of 12%.
		Median Sale Price Last May, the median sale price for Olney, Derwood, and Brookeville Homes was $750,000. This May, the median sale price was $740,000, a decrease of 1% or $10,000 compared to last year. The current median sold price is 10% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 62	Current Contracts 62	Sold Vs. List Price 101.3%	Months of Supply 1.2

Up 19% Vs. Year Ago	Up 19% Vs. Year Ago	Down -1.7% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In May, there was 1.2 months of supply available in Olney, Derwood, and Brookeville. The amount of supply is similar compared to 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 62 homes newly listed for sale in Olney, Derwood, and Brookeville compared to 52 in May 2024, an increase of 19%. There were 62 current contracts pending sale this May compared to 52 a year ago. The number of current contracts is 19% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Olney, Derwood, and Brookeville was 101.3% of the average list price, which is 1.8% lower than at this time last year. Days on Market This month, the average number of days on market was 10, which is similar compared to a year ago.


	Olney, Derwood, and Brookeville are defined as properties listed in zip code/s 20832, 20855, 20853, 20860, 20862 and 20861.
	*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.