BETHESDA AND CABIN JOHN HOUSING MARKET DATA

There was an increase in total units sold in March, with 65 sold this month in Bethesda and Cabin John Real Estate versus 58 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 34% versus March 2024.

Versus last year, the total number of homes available this month is higher by 10 units or 6%. The total number of active inventory this March was 179 compared to 169 in March 2024. This month's total of 179 is lower than the previous month's total supply of available inventory of 183, a decrease of 2%.

Last March, the median sale price for Bethesda and Cabin John Homes was $1,158,500. This March, the median sale price was $1,125,000, a decrease of 3% or $33,500 compared to last year. The current median sold price is 14% lower than in February.

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

In March, there was 2.8 months of supply available in Bethesda and Cabin John, compared to 1.7 in March 2024. That is an increase of 60% 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 106 homes newly listed for sale in Bethesda and Cabin John compared to 150 in March 2024, a decrease of 29%. There were 88 current contracts pending sale this March compared to 117 a year ago. The number of current contracts is 25% lower than last March.

In March, the average sale price in Bethesda and Cabin John was 100.9% of the average list price, which is 1.6% lower than at this time last year.

This month, the average number of days on market was 36, higher than the average last year, which was 17, an increase of 112%.





FOCUS ON: BETHESDA AND CABIN JOHN HOUSING MARKET			MARCH 2025

Zip Code(s): 20814, 20816, 20817, 20818, 20812, 20889, 20892 and 20894
Units Sold 65	Active Inventory 179	Median Sale Price $1,125,000	Days On Market 36

Down -34% Vs. Year Ago	Up 6% Vs. Year Ago	Down -3% Vs. Year Ago	Up 112% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 65 sold this month in Bethesda and Cabin John Real Estate versus 58 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 34% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 10 units or 6%. The total number of active inventory this March was 179 compared to 169 in March 2024. This month's total of 179 is lower than the previous month's total supply of available inventory of 183, a decrease of 2%.
		Median Sale Price Last March, the median sale price for Bethesda and Cabin John Homes was $1,158,500. This March, the median sale price was $1,125,000, a decrease of 3% or $33,500 compared to last year. The current median sold price is 14% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 106	Current Contracts 88	Sold Vs. List Price 100.9%	Months of Supply 2.8

Down -29% Vs. Year Ago	Down -25% Vs. Year Ago	Down -1.5% Vs. Year Ago	Up 60% Vs. Year Ago


		Months of Supply In March, there was 2.8 months of supply available in Bethesda and Cabin John, compared to 1.7 in March 2024. That is an increase of 60% 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 106 homes newly listed for sale in Bethesda and Cabin John compared to 150 in March 2024, a decrease of 29%. There were 88 current contracts pending sale this March compared to 117 a year ago. The number of current contracts is 25% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Bethesda and Cabin John was 100.9% of the average list price, which is 1.6% lower than at this time last year. Days on Market This month, the average number of days on market was 36, higher than the average last year, which was 17, an increase of 112%.


	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.