Is Bethesda, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Bethesda has remained a Buyer's Market.
Key Takeaway
Bethesda is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bethesda, MD
How much do homes in Bethesda, MD cost?
Median Sold Price
$1,175,000
$456/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bethesda have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Bethesda was $1,175,000 in March 2024, up 2.2% from last year, and the median price per square foot was $456.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $248.7K | -9.5% |
| 2 Bedrooms | $526K | $570K | +8.4% |
| 3 Bedrooms | $950K | $1.0M | +12.6% |
| 4 Bedrooms | $1.2M | $1.2M | -1.2% |
| 5+ Bedrooms | $1.8M | $2.1M | +13.1% |
Summary: Bethesda housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.5%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 13.1%.
Housing Supply in Bethesda, MD
How many homes are available in Bethesda, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 365 | 400 | +9.6% |
Summary: The Bethesda real estate market had 400 homes for sale in March 2024, a 9.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 58 | 63 | +8.6% |
| 2 Bedrooms | 54 | 51 | -5.6% |
| 3 Bedrooms | 40 | 46 | +15.0% |
| 4 Bedrooms | 61 | 71 | +16.4% |
| 5+ Bedrooms | 152 | 169 | +11.2% |
Summary: The Bethesda housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.6%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 11.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 53 | +43.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bethesda, you could pay more than the asking price. 52.8% of homes here sold above asking price last month.
Summary: A total of 53 homes were sold or pending in Bethesda in March 2024, up by 43.2% month-over-month. Of the 53 sold homes, 25% were sold under asking, 23% were sold at asking, and 53% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 20 Days | -39.1% |
Summary: Homes in Bethesda had an average of 20 days on market in Mar 2024, down by 39.1% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 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 March 2024, 53 homes were sold in Bethesda; 85% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
