Is Bethesda, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
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
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $250K | 0.0% |
| 2 Bedrooms | $497.5K | $580K | +16.6% |
| 3 Bedrooms | $1.0M | $1.0M | +7.0% |
| 4 Bedrooms | $1.2M | $1.2M | +3.9% |
| 5+ Bedrooms | $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 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 230 | 232 | +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
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 24 | +9.1% |
| 2 Bedrooms | 35 | 32 | -8.6% |
| 3 Bedrooms | 26 | 23 | -11.5% |
| 4 Bedrooms | 43 | 47 | +9.3% |
| 5+ Bedrooms | 104 | 106 | +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 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 73 | 67 | -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
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 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 23 Days | 22 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
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.
