$3,795,000
5,328 SqFt
5 Beds
•4 Full Baths, 1 Partial
Keene Taylor Jr., Listing Office: Compass
Is Bethesda, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$1,250,370
$466/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$73,370(+6.2%)
Key Takeaway
Homes in Bethesda have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Bethesda was $1,250,370 in September 2024, up 6.2% from last year, and the median price per square foot was $466.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $253.5K | +5.6% |
| 2 Bedrooms | $518K | $570K | +10.0% |
| 3 Bedrooms | $1.0M | $1.1M | +11.3% |
| 4 Bedrooms | $1.2M | $1.3M | +11.0% |
| 5+ Bedrooms | $2.0M | $2.0M | +4.3% |
Summary: Bethesda housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 4.3%.
Housing Supply in Bethesda, MD
How many homes are available in Bethesda, MD?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 176 | 216 | +22.7% |
Summary: The Bethesda real estate market had 216 homes for sale in September 2024, a 22.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 21 | -16.0% |
| 2 Bedrooms | 22 | 38 | +72.7% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 33 | 43 | +30.3% |
| 5+ Bedrooms | 74 | 90 | +21.6% |
Summary: The Bethesda housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16%, 2 bedroom homes increased by 72.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes increased by 21.6%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 61 | 41 | -32.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bethesda, you could pay more than the asking price. 46.3% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in Bethesda in September 2024, down by 32.8% month-over-month. Of the 41 sold homes, 29% were sold under asking, 24% were sold at asking, and 46% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 22 Days | 19 Days | -12.7% |
Summary: Homes in Bethesda had an average of 19 days on market in Sep 2024, down by 12.7% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bethesda are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 41 homes were sold in Bethesda; 83% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
