BARTON HEIGHTS AND HIGHLAND PARK HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in December, with 24 sold this month in Barton Heights and Highland Park Real Estate. This month's total units sold was lower than at this time last year, a decrease from December 2023.

Versus last year, the total number of homes available this month is higher by 1 units or 2%. The total number of active inventory this December was 53 compared to 52 in December 2023. This month's total of 53 is lower than the previous month's total supply of available inventory of 72, a decrease of 26%.

Last December, the median sale price for Barton Heights and Highland Park Homes was $330,000. This December, the median sale price was $294,975, a decrease of 11% or $35,025 compared to last year. The current median sold price is 11% lower than in November.

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

In December, there was 2.2 months of supply available in Barton Heights and Highland Park, compared to 1.4 in December 2023. That is an increase of 61% 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 26 homes newly listed for sale in Barton Heights and Highland Park compared to 27 in December 2023, a decrease of 4%. There were 26 current contracts pending sale this December, consistent with the volume a year ago. The number of current contracts is 4% higher than last month.

In December, the average sale price in Barton Heights and Highland Park was 100.0% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 32, higher than the average last year, which was 22, an increase of 45%.





FOCUS ON: BARTON HEIGHTS AND HIGHLAND PARK HOUSING MARKET			DECEMBER 2024

Zip Code(s): 23222
Units Sold 24	Active Inventory 53	Median Sale Price $294,975	Days On Market 32

Down Vs. Year Ago	Up 2% Vs. Year Ago	Down -11% Vs. Year Ago	Up 45% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in December, with 24 sold this month in Barton Heights and Highland Park Real Estate. This month's total units sold was lower than at this time last year, a decrease from December 2023.
Active Inventory Versus last year, the total number of homes available this month is higher by 1 units or 2%. The total number of active inventory this December was 53 compared to 52 in December 2023. This month's total of 53 is lower than the previous month's total supply of available inventory of 72, a decrease of 26%.
		Median Sale Price Last December, the median sale price for Barton Heights and Highland Park Homes was $330,000. This December, the median sale price was $294,975, a decrease of 11% or $35,025 compared to last year. The current median sold price is 11% lower than in November. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 26	Current Contracts 26	Sold Vs. List Price 100.0%	Months of Supply 2.2

Down -4% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago	Up 61% Vs. Year Ago


		Months of Supply In December, there was 2.2 months of supply available in Barton Heights and Highland Park, compared to 1.4 in December 2023. That is an increase of 61% 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 26 homes newly listed for sale in Barton Heights and Highland Park compared to 27 in December 2023, a decrease of 4%. There were 26 current contracts pending sale this December, consistent with the volume a year ago. The number of current contracts is 4% higher than last month.
		Sale Price to List Price Ratio In December, the average sale price in Barton Heights and Highland Park 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 32, higher than the average last year, which was 22, an increase of 45%.


	Barton Heights and Highland Park are defined as properties listed in zip code/s 23222.
	*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 CVRMLS 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 CVRMLS or Long & Foster Real Estate, Inc.