Is Bethesda, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bethesda is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Bethesda has remained a Seller's Market.

Key Takeaway

Bethesda is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bethesda, MD

How much do homes in Bethesda, MD cost?

Median Sold Price

$1,198,125

$460/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$3,125(-0.3%)

Key Takeaway

The sold price of homes in Bethesda has remained the same since last year.

Summary: The median home sold price in Bethesda was $1,198,125 in June 2024, down 0.3% from last year, and the median price per square foot was $460.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $250K$250K
0.0%
2 $497.5K$580K
+16.6%
3 $1.0M$1.0M
+7.0%
4 $1.2M$1.2M
+3.9%
5+ $1.9M$2.1M
+8.4%

Summary: Bethesda housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 8.4%.

Housing Supply in Bethesda, MD

How many homes are available in Bethesda, MD?

Number of Homes For Sale

May 2024Jun 2024CHANGE
230232+0.9%

Summary: The Bethesda real estate market had 232 homes for sale in June 2024, a 0.9% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 2224
+9.1%
2 3532
-8.6%
3 2623
-11.5%
4 4347
+9.3%
5+ 104106
+1.9%

Summary: The Bethesda housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 1.9%.

Number of Homes Sold

May 2024Jun 2024CHANGE
7367-8.2%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bethesda, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.

Summary: A total of 67 homes were sold or pending in Bethesda in June 2024, down by 8.2% month-over-month. Of the 67 sold homes, 36% were sold under asking, 16% were sold at asking, and 48% were sold over asking.

Days on Market for Bethesda, MD

How long does it take to sell a home in Bethesda, MD?

Average Sale Time

Jun 2023Jun 2024CHANGE
23 Days22 Days-4.2%

Summary: Homes in Bethesda had an average of 22 days on market in Jun 2024, down by 4.2% compared to last year.

Breakdown of Home Sale Times

56 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bethesda are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 67 homes were sold in Bethesda; 84% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

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