Market Report for Homes in 20817 Zipcode
The 20817 zip code occupies the north and western parts of Bethesda in Montgomery County, Maryland. The area is anchored by employment giants such as the National Institutes of Health, Marriott International, Lockheed Martin, Host Hotels & Resorts, Walter Reed National Military Medical Center, and Ritz Carlton.
Its close proximity to Washington DC and access to the Metro Red Line, 495 Beltway and 270 makes this one of the best places to live in the US. With great parks, including Cabin John Regional Park; charming sidewalk neighborhoods, like Georgetown Village, Ashburton, and Wildwood Manor; and the nation’s top ranked public schools, such as Ashburton Elementary, North Bethesda Middle, Burning Tree Elementary, Thomas Pyle Middle School, Walt Whitman High School and Walter Johnson High School, it’s no wonder people are looking to buy homes in Bethesda. If you are looking for a home in Bethesda, just click here.
DATA FOR DETACHED HOMES IN 20817 ZIPCODE
The median sold price for Detached properties for June was $995,000, representing an increase of 5.6% compared to last month and a decrease of 5.2% from Jun 2016. Looking for a single family home in the 20817 zipcode? Just click here!
The average days on market for units sold in June was 59 days, 27% above the 5-year June average of 46 days. There was a 31% month over month decrease in new contract activity with 40 New Pendings; a 28% MoM decrease in All Pendings (new contracts + contracts carried over from May) to 54; and a 5.3% decrease in supply to 143 active units.
This activity resulted in a Contract Ratio of 0.38 pendings per active listing, down from 0.50 in May and a decrease from 0.55 in June 2016. The Contract Ratio is 32% lower than the 5-year June average of 0.56. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.
DATA FOR TOWNHOMES IN 20817 ZIPCODE
The median sold price for Attached/Townhouse properties for June was $715,000, representing an increase of 3.6% compared to last month and an increase of 3.6% from Jun 2016. Just click here to find townhomes for sale in the 20817 zipcode!
The average days on market for units sold in June was 6 days, 59% below the 5- year June average of 15 days. There was a 0% month over month increase in new contract activity with 2 New Pendings; no MoM change in All Pendings (new contracts + contracts carried over from May) with 3; and no change in supply with 10 active units.
This activity resulted in a Contract Ratio of 0.30 pendings per active listing, no change from May and a decrease from 0.50 in June 2016. The Contract Ratio is 75% lower than the 5-year June average of 1.18. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.
DATA FOR CONDOS AND COOPS IN 20817 ZIPCODE
In 20817, the median sold price for Condo & Coop properties for June was $264,500, representing an increase of 32.9% compared to last month and an increase of 27.8% from Jun 2016. Looking for a condo in the 20817 zipcode? Just click here!
The average days on market for units sold in June was 71 days, 111% above the 5-year June average of 34 days. There was no month over month change in new contract activity with 7 New Pendings; a 25% MoM decrease in All Pendings (new contracts + contracts carried over from May) to 6; and a 9.1% increase in supply to 24 active units.
This activity resulted in a Contract Ratio of 0.25 pendings per active listing, down from 0.36 in May and a decrease from 0.27 in June 2016. The Contract Ratio is 43% lower than the 5-year June average of 0.44. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.
To find out how these numbers affect the price of your home in Bethesda please go to:
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