The Brightwood Housing Market, By the Numbers
✉️ Want to forward this article? Click here.
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.
story continues below
loading...story continues above
- $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.
See other articles related to: brightwood, brightwood housing market
This article originally published at https://dc.urbanturf.com/articles/blog/the-brightwood-housing-market-by-the-numbers/16182.
Most Popular... This Week • Last 30 Days • Ever
In this edition of First-Timer Primer, we look at the ins and outs of the 203k loan.... read »
Plans for the large new residential project are looking to get started again after mo... read »
The Wall Street Journal is reporting that Jeff Skoll has purchased two homes on nine ... read »
The residential pipeline in Adams Morgan has slowed in recent years, and now there ar... read »
Some interesting residential plans are on the boards for the church at 16th Street an... read »
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