Inventory continued to fall in November, by 14% from last year in 22101 and nearly 18% in 22102. A total of 77 properties sold, of which only 2 were bank owned. In 22101, median sales price increased 7%, days on the market averaged 57 and sellers were getting 96.4% on average of original asking price. In 22102, average sale price increased 19%, median sales price increased 12%, days on the market averaged 67 and sellers averaged 94.7% of original list price.
22101
Single Family Homes
Average Net Sale Price: $1,057,074 after 44 days (median was 21)
Range: $584,910 – $2,435,000
Median: $980,000
Townhomes
Average Net Sale Price: $798,010* after 15 days
Range: $675,000 – $883,700
*Average does not include a sale at $1,093,500
22102
Single Family Homes
Average Net Sale Price: $1,664,315 after 68 days (median was 47)
Range: $850,000 – $3,500,000
1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $268,100 after 23 days (median was 13)
Range: $152,000 – $510,000
2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $530,357 after 49 days (median was 22)
Range: $258,000 – $830,000
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