$10,000 Closing Credit*
$2,499,000
5,469 SqFt
5 Beds
•5 Full Baths, 1 Partial
Megan Bonanno, Listing Office: TTR Sotheby's International Realty
Is Bethesda, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$1,250,000
$468/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$65,666(+5.5%)
Key Takeaway
Homes in Bethesda have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Bethesda was $1,250,000 in November 2024, up 5.5% from last year, and the median price per square foot was $468.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $258.2K | +12.3% |
| 2 Bedrooms | $518K | $580K | +12.0% |
| 3 Bedrooms | $1.0M | $1.1M | +4.8% |
| 4 Bedrooms | $1.2M | $1.3M | +9.7% |
| 5+ Bedrooms | $2.0M | $2.0M | +1.1% |
Summary: Bethesda housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in Bethesda, MD
How many homes are available in Bethesda, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 194 | 184 | -5.2% |
Summary: The Bethesda real estate market had 184 homes for sale in November 2024, a 5.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 23 | +27.8% |
| 2 Bedrooms | 35 | 28 | -20.0% |
| 3 Bedrooms | 26 | 24 | -7.7% |
| 4 Bedrooms | 30 | 21 | -30.0% |
| 5+ Bedrooms | 85 | 88 | +3.5% |
Summary: The Bethesda housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.8%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 3.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 38 | -28.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bethesda, you may be able to get a good deal. 39.5% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Bethesda in November 2024, down by 28.3% month-over-month. Of the 38 sold homes, 39% were sold under asking, 24% were sold at asking, and 37% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 23 Days | -8.7% |
Summary: Homes in Bethesda had an average of 23 days on market in Nov 2024, down by 8.7% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 38 homes were sold in Bethesda; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
