Is Friendship Heights Village, 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, Friendship Heights Village has remained a Buyer's Market.
Housing Prices in Friendship Heights Village, MD
How much do homes in Friendship Heights Village, MD cost?
Median Sold Price
$499,900
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Friendship Heights Village was $499,900 in March 2024, up 20.5% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $282.4K | $292.5K | +3.6% |
2 Bedrooms | $507.5K | $542.5K | +6.9% |
3 Bedrooms | $760K | $680K | -10.5% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Friendship Heights Village housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Friendship Heights Village | $415K | $499.9K | +20.5% |
Bethesda | $1.1M | $1.1M | +2.2% |
Housing Supply in Friendship Heights Village, MD
How many homes are available in Friendship Heights Village, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 49 | +14.0% |
Summary: The Friendship Heights Village real estate market had 49 homes for sale in March 2024, a 14.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 25 | +13.6% |
2 Bedrooms | 12 | 15 | +25.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Friendship Heights Village housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Friendship Heights Village in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Friendship Heights Village, MD
How long does it take to sell a home in Friendship Heights Village, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
9 Days | 31 Days | +232.6% |
Summary: Homes in Friendship Heights Village had an average of 31 days on market in Mar 2024, up by 232.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Friendship Heights Village; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.