POOLESVILLE, DICKERSON, AND NORTHWESTERN MONTGOMERY COUNTY HOUSING MARKET DATA

With relatively few transactions, there was a decrease in total units sold in January, with 29 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, an increase from January 2024.

Versus last year, the total number of homes available this month is lower by 14 units or 25%. The total number of active inventory this January was 42 compared to 56 in January 2024. This month's total of 42 is lower than the previous month's total supply of available inventory of 51, a decrease of 18%.

Last January, the median sale price for Poolesville, Dickerson, and Northwestern Montgomery County Homes was $565,000. This January, the median sale price was $636,740, an increase of 13% or $71,740 compared to last year. The current median sold price is 1% 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.

In January, there was 1.4 months of supply available in Poolesville, Dickerson, and Northwestern Montgomery County, compared to 6.2 in January 2024. That is a decrease of 77% 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.

This month there were 43 homes newly listed for sale in Poolesville, Dickerson, and Northwestern Montgomery County compared to 37 in January 2024, an increase of 16%. There were 42 current contracts pending sale this January compared to 17 a year ago. The number of current contracts is 147% higher than last January.

In January, the average sale price in Poolesville, Dickerson, and Northwestern Montgomery County was 104.9% of the average list price, which is 3.3% higher than at this time last year.

This month, the average number of days on market was 20, higher than the average last year, which was 15, an increase of 33%.





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

Zip Code(s): 20837, 20838, 20839, 20841, 20842 and 20871
Units Sold 29	Active Inventory 42	Median Sale Price $636,740	Days On Market 20

Up Vs. Year Ago	Down -25% Vs. Year Ago	Up 13% Vs. Year Ago	Up 33% Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in January, with 29 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, an increase from January 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 14 units or 25%. The total number of active inventory this January was 42 compared to 56 in January 2024. This month's total of 42 is lower than the previous month's total supply of available inventory of 51, a decrease of 18%.
		Median Sale Price Last January, the median sale price for Poolesville, Dickerson, and Northwestern Montgomery County Homes was $565,000. This January, the median sale price was $636,740, an increase of 13% or $71,740 compared to last year. The current median sold price is 1% 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 43	Current Contracts 42	Sold Vs. List Price 104.9%	Months of Supply 1.4

Up 16% Vs. Year Ago	Up 147% Vs. Year Ago	Up 3.3% Vs. Year Ago	Down -77% Vs. Year Ago


		Months of Supply In January, there was 1.4 months of supply available in Poolesville, Dickerson, and Northwestern Montgomery County, compared to 6.2 in January 2024. That is a decrease of 77% 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 43 homes newly listed for sale in Poolesville, Dickerson, and Northwestern Montgomery County compared to 37 in January 2024, an increase of 16%. There were 42 current contracts pending sale this January compared to 17 a year ago. The number of current contracts is 147% higher than last January.
		Sale Price to List Price Ratio In January, the average sale price in Poolesville, Dickerson, and Northwestern Montgomery County was 104.9% of the average list price, which is 3.3% higher than at this time last year. Days on Market This month, the average number of days on market was 20, higher than the average last year, which was 15, an increase of 33%.


	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.
	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.