$8,313 Closing Credit*
$700,000
2,360 SqFt
4 Beds
•2 Full Baths
Norman S Domingo, Listing Office: XRealty.NET LLC
Is Brightwood, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Brightwood was a Seller's 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
$700,000
$377/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$58,750(+9.2%)
Key Takeaway
Homes in Brightwood have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Brightwood was $700,000 in November 2024, up 9.2% from last year, and the median price per square foot was $377.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $183.5K | -0.8% |
| 2 Bedrooms | $400K | $230K | -42.5% |
| 3 Bedrooms | $660K | $656K | -0.6% |
| 4 Bedrooms | $724K | $783.7K | +8.3% |
| 5+ Bedrooms | $687.5K | $1.0M | +57.1% |
Summary: Brightwood housing prices by bedroom type for November 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 0.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 57.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Brightwood | $641.2K | $700K | +9.2% |
| Takoma / Brightwood / Manor Park | $660K | $700K | +6.1% |
| Manor Park | $725K | $660K | -9.0% |
Housing Supply in Brightwood, DC
How many homes are available in Brightwood, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 45 | +18.4% |
Summary: The Brightwood real estate market had 45 homes for sale in November 2024, a 18.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Brightwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Brightwood, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Brightwood in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 30 Days | +1.7% |
Summary: Homes in Brightwood had an average of 30 days on market in Nov 2024, up by 1.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were 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 November 2024, 4 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.
