HOMESbyRP of eXp Realty / Richard Pearrell

Bethesda, MD

Single-Family Homes

GRI REALTOR® in DC, MD, VA & FL with eXp Realty, LLC / Richard@HOMESbyRP.com / (301) 991-7061 / https://HOMESbyRP.com/


Bethesda, MD

Mon Dec 04 2023
This week the median list price for Bethesda, MD is $2,154,900 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has decreased to 46. Click here to stay informed with the Bethesda market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Bethesda, MD

Mon Dec 04 2023
This week the median list price for Bethesda, MD is $2,154,900 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has decreased to 46. Click here to stay informed with the Bethesda market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Bethesda market.
Median List Price $2,154,900
Median Price of New Listings $1,225,000
Per Square Foot $444
Average Days on Market 86
Median Days on Market 60
Price Decreased 46%
Price Increased 2%
Relisted 11%
Inventory 46
Median Rent
Market Action 47
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,199,000 7,410 0.25 - 0.5 acre 6 6.5 0 0 2 98
$2,425,000 5,649 0.25 - 0.5 acre 6 5.5 7 0 2 70
$1,972,500 4,950 6,500 - 8,000 sqft 6 4.5 7 0 0 52
$1,262,500 2,429 6,500 - 8,000 sqft 4 3 71 1 4 42