Is Brookland / Brentwood / Langdon, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Brookland / Brentwood / Langdon has remained a Buyer's Market.
Key Takeaway
Brookland / Brentwood / Langdon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Brookland / Brentwood / Langdon, DC
How much do homes in Brookland / Brentwood / Langdon, DC cost?
Median Sold Price
$610,000
$395/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Brookland / Brentwood / Langdon have sold for 10.9% less than they did a year ago.
Summary: The median home sold price in Brookland / Brentwood / Langdon was $610,000 in March 2024, down 10.9% from last year, and the median price per square foot was $395.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259K | $298.5K | +15.3% |
| 2 Bedrooms | $447.5K | $499.9K | +11.7% |
| 3 Bedrooms | $625K | $605K | -3.2% |
| 4 Bedrooms | $860K | $867K | +0.8% |
| 5+ Bedrooms | $1.1M | $1.0M | -7.9% |
Summary: Brookland / Brentwood / Langdon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.3%, 2 bedroom homes increased by 11.7%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 7.9%.
Housing Supply in Brookland / Brentwood / Langdon, DC
How many homes are available in Brookland / Brentwood / Langdon, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 214 | 236 | +10.3% |
Summary: The Brookland / Brentwood / Langdon real estate market had 236 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 79 | 87 | +10.1% |
| 3 Bedrooms | 57 | 63 | +10.5% |
| 4 Bedrooms | 37 | 40 | +8.1% |
| 5+ Bedrooms | 33 | 37 | +12.1% |
Summary: The Brookland / Brentwood / Langdon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 12.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookland / Brentwood / Langdon, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Brookland / Brentwood / Langdon in March 2024, up by 18.2% month-over-month. Of the 13 sold homes, 38% were sold under asking, 38% were sold at asking, and 23% were sold over asking.
Days on Market for Brookland / Brentwood / Langdon, DC
How long does it take to sell a home in Brookland / Brentwood / Langdon, DC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 58 Days | +13.8% |
Summary: Homes in Brookland / Brentwood / Langdon had an average of 58 days on market in Mar 2024, up by 13.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brookland / Brentwood / Langdon are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Brookland / Brentwood / Langdon; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
