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United States. Maryland. Montgomery County. Bethesda, MD Housing Market. $1,172,932. 4.5% 1-yr. The average Bethesda, MD home value is $1,172,932, up 4.5% over the past year and goes to pending in around 5 days. What is the Zillow Home Values Index?
Apr 18, 2024 · The state is expected to add 178,000 new households through 2030, according to a Maryland Housing Needs Assessment & 10-Year Strategic Plan by the National Center for Smart Growth. Much of that...
Bethesda, MD housing market. In March 2024, the median listing home price in Bethesda, MD was $1.4M, trending up 12.5% year-over-year. The median listing home price per square foot was...
- Maryland Housing Market Trends in 2024
- Maryland Housing Market Forecast For 2024 and 2025
- Regional Housing Market Forecast
How is the Housing Market Doing Currently?
In February 2024, the housing market in Maryland experienced some notable shifts, reflecting both challenges and opportunities for homebuyers and sellers alike. According to Maryland REALTORS®, despite a slight dipin the number of units sold compared to the previous year, the average sales price saw a significant increase of 5.2%, reaching $455,070. Similarly, the median sales price also saw a healthy uptick of 6.2%, hitting $400,000. These figures underscore a market that remains robust, wit...
How Competitive is the Maryland Housing Market?
The Maryland housing market continues to be competitive, with units pending (under contract) totaling 5,573, indicating a strong demand from eager buyers. However, this demand is met with a slightly reduced active inventory of 8,060, down from the previous year. This combination of high demand and limited supply contributes to a months of inventory figure of 1.4, signaling a market that heavily favors sellers.
Are There Enough Homes for Sale to Meet Buyer Demand?
While the market remains competitive, there are concerns about whether there are enough homes for sale to meet the demand from prospective buyers. The active inventory figures indicate a slight decrease from the previous year, suggesting a potential shortage of available properties. This scarcity could lead to increased competition among buyers and potentially drive prices even higher.
According to Zillow, the average home value in Maryland stands at $406,843, reflecting a 3.6% increase over the past year. Homes in Maryland typically go pending in approximately 13 days, indicating a fast-moving market.
Examining the regional housing market forecast provides valuable insights into the varied dynamics shaping different areas within Maryland. As of the base date on February 29, 2024, several regions exhibit distinct trends and projections for the coming months.
Apr 30, 2024 · Here's our 2024 forecast for Maryland housing market are: (1) Home sellers will return to the market come Spring 2024. (2) Number of houses for sale will increase (3) Property prices in Maryland will increase marginally (4) Mortgage rates will stabilize in the latter half of 2024 (5) iBuyers will buy homes for lower than their fair market value.
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- Not for the next few years. Maryland's housing market will not crash in 2024. Despite 2023's skyrocketing interest payments and soaring home prices...
- Nada. The property prices in Maryland were up by 4.6.% YoY in September 2023. In October, Maryland's median sale price rose to $408,200, up 22.3% Y...
- Yes! Currently, there are very few buyers in the market compared to the supply of homes in Maryland. The soaring interest rates has kept buyers at...
McLean. Active agents1,861. Days on market59. Median sale price$1,120,000. Silver Spring. Active agents1,949. Days on market48. Median sale price$548,000. Rockville. Active agents1,839. Days on market51.
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May 20, 2024 · 18 Nov, 2021. Read article. Housing-Market Mayhem: U.S. Home Sales Likely to Hit Record High of $2.5 Trillion In 2021. 11 May, 2021. Read article. See All Housing Market Prediction News. Search by Top Cities. Annapolis Homes for Sale. Baltimore Homes for Sale. Bethesda Homes for Sale. Bowie Homes for Sale. Clarksburg Homes for Sale.
