BETHESDA AND CABIN JOHN HOUSING MARKET DATA

There was a decrease in total units sold in January, with 47 sold this month in Bethesda and Cabin John Real Estate, a decrease of 32%. This month's total units sold is similar compared to a year ago.

Versus last year, the total number of homes available this month is lower by 21 units or 17%. The total number of active inventory this January was 100 compared to 121 in January 2024. This month's total of 100 is lower than the previous month's total supply of available inventory of 104, a decrease of 4%.

Last January, the median sale price for Bethesda and Cabin John Homes was $1,075,000. This January, the median sale price was $1,200,000, an increase of 12% or $125,000 compared to last year. The current median sold price is 4% higher than in December.

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

In January, there was 2.1 months of supply available in Bethesda and Cabin John, compared to 2.6 in January 2024. That is a decrease of 17% 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.

This month there were 64 homes newly listed for sale in Bethesda and Cabin John compared to 76 in January 2024, a decrease of 16%. There were 59 current contracts pending sale this January compared to 50 a year ago. The number of current contracts is 18% higher than last January.

In January, the average sale price in Bethesda and Cabin John was 99.5% of the average list price, which is 2.4% higher than at this time last year.

This month, the average number of days on market was 30, lower than the average last year, which was 54, a decrease of 44%.





FOCUS ON: BETHESDA AND CABIN JOHN HOUSING MARKET			JANUARY 2025

Zip Code(s): 20814, 20816, 20817, 20818, 20812, 20889, 20892 and 20894
Units Sold 47	Active Inventory 100	Median Sale Price $1,200,000	Days On Market 30

No Change Vs. Year Ago	Down -17% Vs. Year Ago	Up 12% Vs. Year Ago	Down -44% Vs. Year Ago


		Units Sold There was a decrease in total units sold in January, with 47 sold this month in Bethesda and Cabin John Real Estate, a decrease of 32%. This month's total units sold is similar compared to a year ago.
Active Inventory Versus last year, the total number of homes available this month is lower by 21 units or 17%. The total number of active inventory this January was 100 compared to 121 in January 2024. This month's total of 100 is lower than the previous month's total supply of available inventory of 104, a decrease of 4%.
		Median Sale Price Last January, the median sale price for Bethesda and Cabin John Homes was $1,075,000. This January, the median sale price was $1,200,000, an increase of 12% or $125,000 compared to last year. The current median sold price is 4% higher than in December. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 64	Current Contracts 59	Sold Vs. List Price 99.5%	Months of Supply 2.1

Down -16% Vs. Year Ago	Up 18% Vs. Year Ago	Up 2.5% Vs. Year Ago	Down -17% Vs. Year Ago


		Months of Supply In January, there was 2.1 months of supply available in Bethesda and Cabin John, compared to 2.6 in January 2024. That is a decrease of 17% 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 64 homes newly listed for sale in Bethesda and Cabin John compared to 76 in January 2024, a decrease of 16%. There were 59 current contracts pending sale this January compared to 50 a year ago. The number of current contracts is 18% higher than last January.
		Sale Price to List Price Ratio In January, the average sale price in Bethesda and Cabin John was 99.5% of the average list price, which is 2.4% higher than at this time last year. Days on Market This month, the average number of days on market was 30, lower than the average last year, which was 54, a decrease of 44%.


	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.
	Information 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.