Is Brookland, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Brookland was a Neutral Market.
Housing Prices in Brookland, DC
How much do homes in Brookland, DC cost?
Median Sold Price
$822,500
$398/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Brookland was $822,500 in April 2024, up 0.9% from last year, and the median price per square foot was $398.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $390K | $297K | -23.8% |
2 Bedrooms | $580K | $500K | -13.8% |
3 Bedrooms | $755.5K | $637K | -15.7% |
4 Bedrooms | $842.5K | $977.4K | +16.0% |
5+ Bedrooms | $1.1M | $1.0M | -5.4% |
Summary: Brookland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.8%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Neighborhoods
Langdon | $457.5K | $635K | +38.8% |
Edgewood | $619K | $635K | +2.6% |
Brookland | $815K | $822.5K | +0.9% |
Brookland / Brentwood / Langdon | $650K | $607.5K | -6.5% |
Housing Supply in Brookland, DC
How many homes are available in Brookland, DC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 46 | +31.4% |
Summary: The Brookland real estate market had 46 homes for sale in April 2024, a 31.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 11 | 15 | +36.4% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Brookland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Brookland in April 2024, up by 80.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Brookland, DC
How long does it take to sell a home in Brookland, DC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 13 Days | -57.9% |
Summary: Homes in Brookland had an average of 13 days on market in Apr 2024, down by 57.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Brookland; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.