Montgomery County Market
Key Points
| Inventory | 1,733 homes on the market |
| Number of Contracts | 581 |
| Average Days on Market for Sold Listings | 57 |
| Number of Single Family Homes Sold | 312 |
| Number of Condos/Townhouses Sold | 266 |
| Average Sold Price for Single Family Homes | $629,836 |
| Average Sold Price for Condos/Townhouses | $291,558 |
- Inventory is increasing, so if you're buying, this is good news! Keep in mind that once you have a signed contract on a home, it usually takes 30-45 days to settle. So if you have a certain "move-by" date, you need to be thinking and acting 30-45 days ahead. For instance, if you need to be in a new home by April, you should be looking NOW to avoid missing your move-by date!
- With mortgage rates predicted to increase, warmer weather and the typical upswing of the spring market, and new millennial buyers entering the market, you have a large pool of buyers looking to buy a home. Inventory is improving but is still historically low, so it's still a great market in which to be a seller.
Search for homes in Montgomery County
Hyperlocal Snapshot – Bethesda (zip code 20816)
Key Points
| Inventory | 24 homes on the market |
| Number of Contracts | 7 |
| Average Days on Market for Sold Listings | 55 |
| Number of Single Family Homes Sold | 11 |
| Number of Condos/Townhouses Sold | 4 |
| Average Sold Price for Single Family Homes | $1,131,864 |
| Average Sold Price for Condos/Townhouses | $622,750 |
Read the most recent monthly market update HERE.
What's my home in DC/Montgomery County worth? Get your FREE Home Valuation Report HERE.
If you’re thinking of selling or buying a home, contact The MSM Team at (301) 385-9213 for a more in-depth discussion & analysis. We’re happy to help you create a plan to sell or buy a home that’s right for YOU. When we schedule a consultation and get into the details, you can really begin making moves to where you want to be. You deserve to have the best Realtors in Montgomery County on your side, right? Let us take care of the details for you!
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