Is North Bethesda, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, North Bethesda has remained a Seller's Market.
Key Takeaway
North Bethesda is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Bethesda, MD
How much do homes in North Bethesda, MD cost?
Median Sold Price
$512,222
$348/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Bethesda have sold for 4.2% less than they did a year ago.
Summary: The median home sold price in North Bethesda was $512,222 in April 2024, down 4.2% from last year, and the median price per square foot was $348.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $248K | $265K | +6.9% |
| 2 Bedrooms | $415K | $405.5K | -2.3% |
| 3 Bedrooms | $685K | $623K | -9.1% |
| 4 Bedrooms | $887.5K | $964K | +8.6% |
| 5+ Bedrooms | $1.5M | $1.5M | +2.3% |
Summary: North Bethesda housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 2.3%.
Housing Supply in North Bethesda, MD
How many homes are available in North Bethesda, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 141 | 165 | +17.0% |
Summary: The North Bethesda real estate market had 165 homes for sale in April 2024, a 17.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 21 | +40.0% |
| 2 Bedrooms | 43 | 44 | +2.3% |
| 3 Bedrooms | 33 | 30 | -9.1% |
| 4 Bedrooms | 29 | 41 | +41.4% |
| 5+ Bedrooms | 21 | 29 | +38.1% |
Summary: The North Bethesda housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 41.4%, and 5+ bedroom homes increased by 38.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 53 | -1.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Bethesda, you could pay more than the asking price. 49.1% of homes here sold above asking price last month.
Summary: A total of 53 homes were sold or pending in North Bethesda in April 2024, down by 1.9% month-over-month. Of the 53 sold homes, 25% were sold under asking, 26% were sold at asking, and 49% were sold over asking.
Days on Market for North Bethesda, MD
How long does it take to sell a home in North Bethesda, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 16 Days | -9.9% |
Summary: Homes in North Bethesda had an average of 16 days on market in Apr 2024, down by 9.9% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Bethesda are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 53 homes were sold in North Bethesda; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
