The Bethesda housing market has continued to show incredible strength, even in the face of a sluggish national housing market.
Although there are still a number of active listings on the market, those homes that are under contract are selling for great prices, according to the most recent market data.
Continue reading to learn more about the current state of the Bethesda real estate market to see how it may affect you as a Montgomery County home seller.
Properties for Sale in Bethesda, Maryland
Here’s a summary of the most recent market data for Bethesda, MD:
- Currently there are 25 sales pending on the market, as well as 144 active listings. This signals that there is relatively low demand for the current supply for homes for sale.
- Those homes priced between $200,000 to $300,000 have had the largest number of homes go under contract recently.
- What’s more, those homes priced under $100,000 still have a relatively large inventory of homes for sale with 29 listings.
- The average list price for all properties on the market currently is $695,409.
- During the last six months, 187 homes have closed, with an average sold price of $676,207.
- Homes priced between $600,000 and $700,000 sold the most during that time period.
- Meanwhile, 14 listings have failed to sell during the last six months. This can happen for multiple reasons, including the home being priced too high or the home not being adequately marketed.
- Those homes priced under $100,000 saw the highest number of failed listings with 5 properties.
- Current listings have been on the market for an average of 83 days.
- In the last six days, the average sold price for homes that closed was $676,207 and they’d been on the market for an average of 54 days.
- Those properties priced between $600,000 and $700,000 have sold the quickest in the last six months.
- During the last 30 days, the average sold price for homes that closed was $612,560 and they’d been on the market for an average of 33 days.
- Recent data suggests that there has been an increase in demand for Bethesda homes over the last six days.
- Meanwhile, the absorption rate on the Bethesda real estate market indicates that there is about a 4.6 month supply of homes for sale.
Selling Properties on the Bethesda, MD Real Estate Market
As you can see, conditions continue to improve for Montgomery County home sellers on the Bethesda real estate market.
Thus, if you’re thinking about listing your current Bethesda home, contact me, Melinda Estridge, today!
When you do, I’ll provide you with an even more comprehensive analysis of current market conditions as well as answer any questions you may have as a home seller.
I’ll also provide you with a number of resources to help you successfully navigate the Bethesda housing market. These include:
Until next time,
Melinda
