Bethesda, MD Real Estate Listings & Homes for Sale

In November 2024, home prices in Bethesda experienced an 8.4% decline compared to the previous year, with a median sale price of $1.1M. Homes in Bethesda spent an average of 36 days on the market, slightly longer than the 32 days recorded last year, indicating a modest slowdown in buyer urgency. Additionally, only 44 homes were sold this November, a decrease from 51 sales during the same period last year, reflecting reduced market activity. This combination of factors suggests a cooling trend in the Bethesda housing market, possibly influenced by shifting buyer demand or broader economic conditions.

The Bethesda housing market remains highly competitive, with homes selling in an average of 24.5 days. Many properties receive multiple offers, with some buyers even waiving contingencies to stand out. On average, homes sell close to their list price and typically go pending within 25 days. However, in-demand "hot homes" can sell for approximately 3% above list price and go pending in as little as 6 days, highlighting the strong competition for premium properties in the area.

In November 2024, Bethesda, MD remained a seller's market, indicating that buyer demand outweighs the available housing inventory. This imbalance gives sellers the upper hand, as competition among buyers often leads to quicker sales and potentially higher offers, especially for well-priced and desirable properties.