$6,234 Closing Credit*
$525,000
1,420 SqFt
3 Beds
•2 Full Baths
John H Cundiff Jr., Listing Office: Realty Pros
Is Brightwood, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Brightwood was a Neutral Market.
Key Takeaway
Brightwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Brightwood, DC
How much do homes in Brightwood, DC cost?
Median Sold Price
$695,000
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+6.9%)
Key Takeaway
Homes in Brightwood have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Brightwood was $695,000 in October 2024, up 6.9% from last year, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $183.5K | -0.8% |
| 2 Bedrooms | $400K | $230K | -42.5% |
| 3 Bedrooms | $665K | $660.5K | -0.7% |
| 4 Bedrooms | $725K | $779.5K | +7.5% |
| 5+ Bedrooms | $725K | $1.0M | +39.3% |
Summary: Brightwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes decreased by 42.5%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 39.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Brightwood | $650K | $695K | +6.9% |
| Takoma / Brightwood / Manor Park | $675.6K | $693.7K | +2.7% |
| Manor Park | $750.7K | $642.5K | -14.4% |
Housing Supply in Brightwood, DC
How many homes are available in Brightwood, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 43 | +4.9% |
Summary: The Brightwood real estate market had 43 homes for sale in October 2024, a 4.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Brightwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brightwood, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Brightwood in October 2024, down by 71.4% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Brightwood, DC
How long does it take to sell a home in Brightwood, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 32 Days | +814.3% |
Summary: Homes in Brightwood had an average of 32 days on market in Oct 2024, up by 814.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brightwood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Brightwood; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
