As the fall housing market winds down, UrbanTurf continues to look at the neighborhood markets around the DC region. Today, we head over to Brightwood.
Statistics reveal that Brightwood was one of the more stable housing markets in the city over the last year. Despite a modest rise in home prices, sales increased 16 percent, with homes with four or more bedrooms leading the way. Brightwood was starved for inventory last year, and that appears to be changing as the supply of active listings shot up 76 percent between the third quarter of last year and the third quarter of 2019. Below are some more statistics on the neighborhood market.
- $611,000 -- The median home sales price in Brightwood in 2019, up 5.3% from last year.
- $745,299 -- The average price for a detached home with four or more bedrooms, down 4.5% from last year.
- 16% -- The percentage increase in the number of homes that sold in 2019 compared to 2018.
- 2.7 months -- The supply of homes on the market in the third quarter, up 76% from last year.
- 40% -- The percentage of homes that sold this year within ten days of hitting the market.
This article originally published at https://dc.urbanturf.com/articles/blog/the-brightwood-housing-market-by-the-numbers/16182.
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