Bethesda, MD Real Estate Market Update for August

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Bethesda, Maryland home sellers had plenty to be excited about during the last month.

After all, Bethesda properties are staying on the market for shorter period of time and the average sold price is steadily rising!

Continue reading to learn more about the recent trends on the Bethesda real estate market to see how it benefits you as a home seller.

Bethesda Real Estate for Sale

Here’s an overview of the current state of the Bethesda housing market, based on the most recent data:

  • Currently there are 17 pending sales as well as 37 active listings.
  • Those homes priced between $600,000 and $900,000 have the largest number of pending contracts.
  • Meanwhile, those homes priced between $600,000 and $900,000 also have the largest number of active listings with 14.
  • The average list price on all Bethesda properties for sale right now is $1,466,096.
  • During the last six months, 103 contracts have closed, with an average sold price of $918,631.
  • Those homes priced between $600,000 and $900,000 saw the highest number of sold listings.
  • Meanwhile, 1 home failed to sell during that period for an undetermined reason.
  • Active listings on the Bethesda housing market have been on the market for about 80 days.
  • Over the last six months, the average sold price for Bethesda homes has been $918,631.
  • Those homes that have sold during the last six months were on the market for an average of 36 days.
  • Properties priced between $3.6 and $3.9 million have sold the quickest in the last six months.
  • During the last 30 days, the average sold price for homes has been $976,845 and the average days on the market for these properties has been 19 days.
  • This suggests that there is a growing demand for Bethesda homes for sale.
  • Based on the last 6 months of home sales, there is a housing inventory on the Bethesda real estate market of about 2.2 months.

Your Bethesda, MD Real Estate Expert

As you can see, now is a great time to list your Bethesda home!

For more information on effectively navigating the market, please contact me, Melinda Estridge, and my team of Bethesda real estate experts today!

In the meantime, I also invite you to browse some of my free real estate tools online, which allow you to:

Until next time,

Melinda