Is Bethesda, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
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.
How much do homes in Bethesda, MD cost?
Median Sold Price
$1,150,713
$460/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
+$100,713(+9.6%)
Key Takeaway
Homes in Bethesda have sold for 9.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | $263.6K | $250K | -5.2% |
| 2 Bedrooms | $500K | $492K | -1.6% |
| 3 Bedrooms | $903.7K | $1.0M | +10.7% |
| 4 Bedrooms | $1.1M | $1.2M | +3.8% |
| 5+ Bedrooms | $1.6M | $1.9M | +13.1% |
How many homes are available in Bethesda, MD?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 321 | 335 | +4.4% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 36 | 36 | 0.0% |
| 2 Bedrooms | 53 | 51 | -3.8% |
| 3 Bedrooms | 45 | 43 | -4.4% |
| 4 Bedrooms | 53 | 63 | +18.9% |
| 5+ Bedrooms | 134 | 142 | +6.0% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 64 | 77 | +20.3% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bethesda, you could pay more than the asking price. 49.4% of homes here sold above asking price last month.
How long does it take to sell a home in Bethesda, MD?
How long does it take to sell a home in Bethesda, MD?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 16 Days | 17 Days | +6.2% |
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
9 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.
