$5,759 Closing Credit*
$485,000
1,292 SqFt
2 Beds
•2 Full Baths
Teresa Thais Austin, 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 November 2023
Since last year, Friendship Heights Village has remained a Seller's Market.
Key Takeaway
Friendship Heights Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Friendship Heights Village, MD
How much do homes in Friendship Heights Village, MD cost?
Median Sold Price
$345,000
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 November 2024, down 31% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $295K | 0.0% |
| 2 Bedrooms | $534.5K | $525K | -1.8% |
| 3 Bedrooms | $725K | $672.5K | -7.2% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Friendship Heights Village housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 7.2%, 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 | +5.5% |
| 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 30 | +3.4% |
Summary: The Friendship Heights Village real estate market had 30 homes for sale in November 2024, a 3.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 14 | +16.7% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 5 | 5 | 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 November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Friendship Heights Village, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Friendship Heights Village in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 22 Days | +90.1% |
Summary: Homes in Friendship Heights Village had an average of 22 days on market in Nov 2024, up by 90.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were 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 November 2024, 7 homes were sold in Friendship Heights Village; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
