The Long & Foster Market Minute

Focus On: Bethesda and Cabin John Housing Market September 2021

Zip Code(s): 20814, 20816, 20817, 20818, 20812, 20889, 20892 and 20894
Units Sold
105
Active Inventory
183
Median Sale Price
$880,000
Days On Market
32
Down -9%
Vs. Year Ago
Down -17%
Vs. Year Ago
Down -11%
Vs. Year Ago
Down -14%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 105 sold this month in Bethesda and Cabin John Real Estate versus 148 last month, a decrease of 29%. This month's total units sold was lower than at this time last year, a decrease of 9% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 37 units or 17%. The total number of active inventory this September was 183 compared to 220 in September 2020. This month's total of 183 is higher than the previous month's total supply of available inventory of 181, an increase of 1%.

Median Sale Price
Last September, the median sale price for Bethesda and Cabin John Homes was $990,000. This September, the median sale price was $880,000, a decrease of 11% or $110,000 compared to last year. The current median sold price is 12% lower than in August.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
174
Current Contracts
143
Sold Vs. List Price
99.9%
Months of Supply
1.7
Up 10%
Vs. Year Ago
Up 12%
Vs. Year Ago
Up 1.4%
Vs. Year Ago
Down -9%
Vs. Year Ago

Months of Supply
In September, there was 1.7 months of supply available in Bethesda and Cabin John, compared to 1.9 in September 2020. That is a decrease of 9% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 174 homes newly listed for sale in Bethesda and Cabin John compared to 158 in September 2020, an increase of 10%. There were 143 current contracts pending sale this September compared to 128 a year ago. The number of current contracts is 12% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Bethesda and Cabin John was 99.9% of the average list price, which is 1.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 32, lower than the average last year, which was 37, a decrease of 14%.

The Long & Foster Market Minute Bethesda and Cabin John are defined as properties listed in zip code/s 20814, 20816, 20817, 20818, 20812, 20889, 20892 and 20894.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.