$4,216 Closing Credit*
$355,000
883 SqFt
2 Beds
•1 Full Bath
Barak Sky, Listing Office: Long & Foster Real Estate, Inc.
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 October 2023
At the same time last year, Friendship Heights Village was a Seller's Market.
Key Takeaway
Friendship Heights Village is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Friendship Heights Village, MD
How much do homes in Friendship Heights Village, MD cost?
Median Sold Price
$345,000
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$155,000(-31.0%)
Key Takeaway
Homes in Friendship Heights Village have sold for 31% less than they did a year ago.
Summary: The median home sold price in Friendship Heights Village was $345,000 in October 2024, down 31% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289.9K | $295K | +1.8% |
| 2 Bedrooms | $530K | $550K | +3.8% |
| 3 Bedrooms | $799.9K | $684.5K | -14.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Friendship Heights Village housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 14.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Bethesda | $1.1M | $1.2M | +6.1% |
| Friendship Heights Village | $500K | $345K | -31.0% |
Housing Supply in Friendship Heights Village, MD
How many homes are available in Friendship Heights Village, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 30 | +20.0% |
Summary: The Friendship Heights Village real estate market had 30 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 12 | +9.1% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Friendship Heights Village housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Friendship Heights Village, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Friendship Heights Village in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 62 Days | +70.2% |
Summary: Homes in Friendship Heights Village had an average of 62 days on market in Oct 2024, up by 70.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Friendship Heights Village are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Friendship Heights Village; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
