The Long & Foster Market Minute

FOCUS ON: POOLESVILLE, DICKERSON, AND NORTHWESTERN MONTGOMERY COUNTY HOUSING MARKET MARCH 2025

Zip Code(s): 20837, 20838, 20839, 20841, 20842 and 20871
Units Sold
30
Active Inventory
68
Median Sale Price
$703,250
Days On Market
22
Down -14%
Vs. Year Ago
Down -3%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -39%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in March, with 30 sold this month in Poolesville, Dickerson, and Northwestern Montgomery County Real Estate versus 33 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 14% versus March 2024.

Active Inventory
Versus last year, the total number of homes available this month is lower by 2 units or 3%. The total number of active inventory this March was 68 compared to 70 in March 2024. This month's total of 68 is higher than the previous month's total supply of available inventory of 61, an increase of 11%.

Median Sale Price
Last March, the median sale price for Poolesville, Dickerson, and Northwestern Montgomery County Homes was $635,000. This March, the median sale price was $703,250, an increase of 11% or $68,250 compared to last year. The current median sold price is 16% higher than in February.

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


New Listings
53
Current Contracts
39
Sold Vs. List Price
104.4%
Months of Supply
2.3
Down -38%
Vs. Year Ago
Down -38%
Vs. Year Ago
Up 4.6%
Vs. Year Ago
Up 14%
Vs. Year Ago

Months of Supply
In March, there was 2.3 months of supply available in Poolesville, Dickerson, and Northwestern Montgomery County, compared to 2.0 in March 2024. That is an increase of 13% 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 53 homes newly listed for sale in Poolesville, Dickerson, and Northwestern Montgomery County compared to 86 in March 2024, a decrease of 38%. There were 39 current contracts pending sale this March compared to 63 a year ago. The number of current contracts is 38% lower than last March.

Sale Price to List Price Ratio
In March, the average sale price in Poolesville, Dickerson, and Northwestern Montgomery County was 104.4% of the average list price, which is 4.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 22, lower than the average last year, which was 36, a decrease of 39%.

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.