The Long & Foster Market Minute

FOCUS ON: WALDORF, ST. CHARLES, AND WHITE PLAINS HOUSING MARKET APRIL 2024

Zip Code(s): 20603, 20602, 20601, 20695 and 20604
Units Sold
105
Active Inventory
138
Median Sale Price
$419,000
Days On Market
26
Down -13%
Vs. Year Ago
Down -14%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -10%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 105 sold this month in Waldorf, St. Charles, and White Plains Real Estate versus 97 last month, an increase of 8%. This month's total units sold was lower than at this time last year, a decrease of 13% versus April 2023.

Active Inventory
Versus last year, the total number of homes available this month is lower by 23 units or 14%. The total number of active inventory this April was 138 compared to 161 in April 2023. This month's total of 138 is lower than the previous month's total supply of available inventory of 172, a decrease of 20%.

Median Sale Price
Last April, the median sale price for Waldorf, St. Charles, and White Plains Homes was $421,500. This April, the median sale price was $419,000, a decrease of 1% or $2,500 compared to last year. The current median sold price is 3% lower than in March.

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


New Listings
137
Current Contracts
145
Sold Vs. List Price
100.0%
Months of Supply
1.3
Up 6%
Vs. Year Ago
Up 17%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In April, there was 1.3 months of supply available in Waldorf, St. Charles, and White Plains. 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 137 homes newly listed for sale in Waldorf, St. Charles, and White Plains compared to 129 in April 2023, an increase of 6%. There were 145 current contracts pending sale this April compared to 124 a year ago. The number of current contracts is 17% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Waldorf, St. Charles, and White Plains was 100.0% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 26, lower than the average last year, which was 29, a decrease of 10%.

The Long & Foster Market Minute Waldorf, St. Charles, and White Plains are defined as properties listed in zip code/s 20603, 20602, 20601, 20695 and 20604.
*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.