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 May 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

$1,196,111

$456/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$29,044(+2.5%)

Key Takeaway

Homes in Bethesda have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Bethesda was $1,196,111 in May 2024, up 2.5% from last year, and the median price per square foot was $456.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $250K$247.5K
-1.0%
2 $491K$587K
+19.6%
3 $1.0M$1.0M
+9.8%
4 $1.2M$1.2M
+3.3%
5+ $1.9M$2.1M
+9.6%

Summary: Bethesda housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 9.6%.

Housing Supply in Bethesda, MD

How many homes are available in Bethesda, MD?

Number of Homes For Sale

Apr 2024May 2024CHANGE
246251+2.0%

Summary: The Bethesda real estate market had 251 homes for sale in May 2024, a 2.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 2828
0.0%
2 3338
+15.2%
3 3226
-18.8%
4 4341
-4.7%
5+ 110118
+7.3%

Summary: The Bethesda housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.2%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 7.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
7348-34.2%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

20 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. 41.7% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in Bethesda in May 2024, down by 34.2% month-over-month. Of the 48 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% 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

May 2023May 2024CHANGE
17 Days22 Days+25.9%

Summary: Homes in Bethesda had an average of 22 days on market in May 2024, up by 25.9% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

3 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 May 2024, 48 homes were sold in Bethesda; 85% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 8% 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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