Home Prices in Bethesda MD 20817 in May 2015
Real estate market data for Bethesda MD provided by Lise Howe of Keller Williams Capital Properties.
The market in Bethesda Maryland has seemed like a roller coaster ride for the last year and don’t expect things to slow down anytime soon. If you are considering buying a home you can find deals on a house in Bethesda but having a good real estate agent who understands the market is always a must.
As a seller, it is important to get your home into move in ready condition because buyers are being very selective and do not want to do a lot of work on their new homes. To make sure you don't overprice your home, you'll want to have an agent that does a thorough market analysis of the Bethesda real estate market. There is lots of competition out there as inventory has steadily increased this year to a five month supply at present - a shift toward a buyer market and away from one that favors sellers.
If you are interested in the current inventory level in Bethesda MD you can find that information by clicking on the link. In May there were 203 homes on the market in 20817, a 42% increase over the same period last year. High inventory will suggest that homes should stay on the market for longer or sell for less. Currently in this area of Bethesda, homes have a median time of 9 days on the market before they sell. This would suggest that buyers are still eager to make offers on a home. The median sale price is up to $866,250, a 9.8% increase over the same period last year.
BETHESDA 20817 Real Estate Report Summary
The median list price in May for single family homes in Bethesda is $764,000. The list price decreased by 1.4% from May 2014 .
The price per square foot for listings in this area is $535.
The median sale price in May for single family homes is $763,500. The sale prices dropped by -4.6% from May 2014.
The price per square foot for sales in this area is $386.
Find Homes for Sale in BETHESDA MD
Visit my website to search for homes in Bethesda MD or to be notified when Bethesda homes come on the market.
To find out what you home is worth in the current market email me at lise@lisehowe.com or call 240-401-5577. I live in Bethesda and I love showing off my home town! If you are relocating to the DC metro area or moving to Bethesda in particular, please let me show you around one of the best small towns in America!
Comments(9)