The 40% Jump in Brentwood
✉️ Want to forward this article? Click here.
Today's Home Price Watch focuses on the Northeast neighborhood of Brentwood, which rebounded from having paltry inventory earlier this year to seeing skyrocketing home prices and sales volume.
The relative affordability of Brentwood seems to have attracted more attention in 2018, as 40 percent more dwellings (35) have sold compared to the same period in 2017. This uptick in activity comes as more homes are hitting the market: there has been more than a two-month supply of homes on the market since April.
story continues below
loading...story continues above
![The 40% Jump in Brentwood: Figure 1](https://assets.urbanturf.com/dc/images/blog/2018/08/Months%20of%20Supply%20-%20Brentwood.jpg)
Sales volume doesn't seem to have been dampened by rising prices. Median sales prices have increased by just over 40 percent year-over-year, rising from $325,000 to $456,000. The average home is also selling closer to listing price, at 98.8 percent of listing price this year compared to 95.6 percent of listing price in 2017. Despite a whopping 75 percent jump in prices, condo sales are leading the way in Brentwood this year, accounting for eighteen of the 34 dwellings that have sold.
Housing data for the legal subdivision of Brentwood for this article was provided by RealEstate Business Intelligence. The Brentwood neighborhood lies between Rhode Island and New York Avenues NE, west of Montana Avenue and east of the railroad tracks.
See other articles related to: brentwood, brentwood home prices, home price watch
This article originally published at https://dc.urbanturf.com/articles/blog/the-40-percent-jump-in-brentwood/14341.
Most Popular... This Week • Last 30 Days • Ever
![Buying with Friends: What You Should Know](https://assets.urbanturf.com/dc/images/blog/2010/05/home_value.jpg)
Here are some precautions to take before buying real estate with a buddy.... read »
![$10 Million McLean Home Of Former Nationals Star Stephen Strasburg Finds a Buyer](https://assets.urbanturf.com/dc/images/blog/2024/09/resized/VAFX2180246_45_0_image_560x420.jpg)
The six-bedroom home listed for just south of $10 million back in June went under con... read »
![16-Story, 325-Unit Building Pitched For Arlington's Wilson Boulevard](https://assets.urbanturf.com/dc/images/blog/2024/09/resized/2500-wilson-1_image_560x420.jpg)
The new project will take the place of an obsolete office building in Courthouse.... read »
![Mayor Bowser Announces First Office-To-Residential Projects To Receive Tax Abatements](https://assets.urbanturf.com/dc/images/blog/2024/09/resized/1625-mass-1_image_560x420.jpg)
The three office-to-residential conversion projects have been conditionally awarded t... read »
![500 Apartments, Live/Work Units And A Park: The New Plans Coming To St. Elizabeths](https://assets.urbanturf.com/dc/images/blog/2024/09/resized/parcel-6-park_image_560x420.jpg)
The plans for one of the final parcels at DC's St. Elizabeth's East campus are beginn... read »
- Buying with Friends: What You Should Know
- $10 Million McLean Home Of Former Nationals Star Stephen Strasburg Finds a Buyer
- 16-Story, 325-Unit Building Pitched For Arlington's Wilson Boulevard
- Mayor Bowser Announces First Office-To-Residential Projects To Receive Tax Abatements
- 500 Apartments, Live/Work Units And A Park: The New Plans Coming To St. Elizabeths
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro