Bethesda, MD Real Estate Market Report for September

Before you even think of stepping foot on the Bethesda real estate market as a home seller, it’s important to take a moment to educate yourself on the current state of the market.

That’s why each month, I provide you with the latest data on the Bethesda, Maryland real estate market!

Continue reading to learn more about what recent activity has been on the market to see how it may affect your efforts as a home  seller!

Real Estate for Sale in Bethesda, Maryland

Here is a brief overview of the current state of the Bethesda housing market, based on the most recent data:

  • Currently there are 16 sales pending as well as 40 listings that are still for sale.
  • Bethesda homes priced between $600,000 and $900,00 have the largest number of pending contracts.
  • At the same time, those homes priced between $600,000 and $900,00 also have the largest number of available homes for sale with 17 listings.
  • The average list price for all Bethesda properties for sale is $1,468,692.
  • In the last six months, 109 contracts have closed with an average sold price of $942,918.
  • Those homes priced between $600,000 and $900,000 saw the highest number of sold listings during the last six months.
  • Also during that period of time, one listing has failed to sell, which means it was taken off the market.
  • Current listings have been on the market for an average of 78 days.
  • During the last six months, homes that have sold were on the market an average of 33 days and sold for an average price of $942,918.
  • During that same period of time, properties priced between $3.6 million and $3.9 million have sold the quickest.
  • During the last 30 days, homes that have sold were on the market an average of 32 days and sold for an average price of $1,059,667. This suggests that there is positive demand for Bethesda homes for sale.
  • Currently there is a housing inventory of about 2.2 months based on the last six months of sales.

Your Montgomery County, MD Real Estate Expert

Recent data suggest that now is an excellent time to be a home seller! After all, homes are selling for higher prices and in a shorter amount of time than they have in recent months!

To learn more about why it’s a good time to list your Bethesda home for sale, contact me, Melinda Estridge, today!

As your Bethesda real estate expert, I’ll be more than happy to answer any questions you may have as well as offer you such helpful (and free!) home selling resources as:

Until next time,

Melinda