The Long & Foster Market Minute

FOCUS ON: POOLESVILLE, DICKERSON, AND NORTHWESTERN MONTGOMERY COUNTY HOUSING MARKET APRIL 2024

Zip Code(s): 20837, 20838, 20839, 20841, 20842 and 20871
Units Sold
42
Active Inventory
65
Median Sale Price
$640,000
Days On Market
15
Up
Vs. Year Ago
Down -2%
Vs. Year Ago
Down -8%
Vs. Year Ago
Up 7%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 42 sold this month in Poolesville, Dickerson, and Northwestern Montgomery County Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 1 units or 2%. The total number of active inventory this April was 65 compared to 66 in April 2023. This month's total of 65 is lower than the previous month's total supply of available inventory of 68, a decrease of 4%.

Median Sale Price
Last April, the median sale price for Poolesville, Dickerson, and Northwestern Montgomery County Homes was $692,500. This April, the median sale price was approximately the same at $640,000. The current median sold price is 8% lower than in April 2023.

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


New Listings
75
Current Contracts
70
Sold Vs. List Price
101.5%
Months of Supply
1.5
Up 60%
Vs. Year Ago
Up 141%
Vs. Year Ago
Up 1.8%
Vs. Year Ago
Down -44%
Vs. Year Ago

Months of Supply
In April, there was 1.5 months of supply available in Poolesville, Dickerson, and Northwestern Montgomery County, compared to 2.8 in April 2023. That is a decrease of 44% 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 75 homes newly listed for sale in Poolesville, Dickerson, and Northwestern Montgomery County compared to 47 in April 2023, an increase of 60%. There were 70 current contracts pending sale this April compared to 29 a year ago. The number of current contracts is 141% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Poolesville, Dickerson, and Northwestern Montgomery County was 101.5% of the average list price, which is 1.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 15, higher than the average last year, which was 14, an increase of 7%.

The Long & Foster Market Minute Poolesville, Dickerson, and Northwestern Montgomery County are defined as properties listed in zip code/s 20837, 20838, 20839, 20841, 20842 and 20871.
*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.