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FOCUS ON: BROADLANDS AND BRAMBLETON HOUSING MARKET |
JULY 2025 |
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Zip Code(s): 20148 |
Units Sold
88 |
Active Inventory
134 |
Median Sale Price
$830,000 |
Days On Market
23 |
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Up 19%
Vs. Year Ago |
Up 13%
Vs. Year Ago |
Down -3%
Vs. Year Ago |
Up 28%
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 88 sold this month in Broadlands and Brambleton Real Estate versus 89 last month, a decrease of 1%. This month's total units sold was higher than at this time last year, an increase of 19% versus July 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 15 units or 13%. The total number of active inventory this July was 134 compared to 119 in July 2024. This month's total of 134 is higher than the previous month's total supply of available inventory of 133, an increase of 1%.
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Median Sale Price
Last July, the median sale price for Broadlands and Brambleton Homes was $855,000. This July, the median sale price was $830,000, a decrease of 3% or $25,000 compared to last year. The current median sold price is 2% lower than in June.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
94 |
Current Contracts
56 |
Sold Vs. List Price
99.3% |
Months of Supply
1.5 |
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Down -19%
Vs. Year Ago |
Down -33%
Vs. Year Ago |
Down -1.1%
Vs. Year Ago |
No Change
Vs. Year Ago |
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Months of Supply
In July, there was 1.5 months of supply available in Broadlands and Brambleton. 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.
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New Listings & Current Contracts
This month there were 94 homes newly listed for sale in Broadlands and Brambleton compared to 116 in July 2024, a decrease of 19%. There were 56 current contracts pending sale this July compared to 84 a year ago. The number of current contracts is 33% lower than last July.
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Sale Price to List Price Ratio
In July, the average sale price in Broadlands and Brambleton was 99.3% of the average list price, which is 1.1% lower than at this time last year.
Days on Market
This month, the average number of days on market was 23, higher than the average last year, which was 18, an increase of 28%.
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Broadlands and Brambleton are defined as properties listed in zip code/s 20148. |
*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. |