KENSINGTON AND NORTH BETHESDA HOUSING MARKET DATA

There was an increase in total units sold in February, with 36 sold this month in Kensington and North Bethesda Real Estate versus 35 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 33% versus February 2024.

Versus last year, the total number of homes available this month is higher by 13 units or 20%. The total number of active inventory this February was 78 compared to 65 in February 2024. This month's total of 78 is lower than the previous month's total supply of available inventory of 79, a decrease of 1%.

Last February, the median sale price for Kensington and North Bethesda Homes was $710,000. This February, the median sale price was $752,450, an increase of 6% or $42,450 compared to last year. The current median sold price is 2% higher than in January.

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

In February, there was 2.2 months of supply available in Kensington and North Bethesda, compared to 2.4 in February 2024. That is a decrease of 10% 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 49 homes newly listed for sale in Kensington and North Bethesda compared to 59 in February 2024, a decrease of 17%. There were 42 current contracts pending sale this February compared to 40 a year ago. The number of current contracts is 5% higher than last February.

In February, the average sale price in Kensington and North Bethesda was 101.1% of the average list price, which is 1.0% higher than at this time last year.

This month, the average number of days on market was 23, lower than the average last year, which was 25, a decrease of 8%.





FOCUS ON: KENSINGTON AND NORTH BETHESDA HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 20895 and 20814
Units Sold 36	Active Inventory 78	Median Sale Price $752,450	Days On Market 23

Up 33% Vs. Year Ago	Up 20% Vs. Year Ago	Up 6% Vs. Year Ago	Down -8% Vs. Year Ago


		Units Sold There was an increase in total units sold in February, with 36 sold this month in Kensington and North Bethesda Real Estate versus 35 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 33% versus February 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 13 units or 20%. The total number of active inventory this February was 78 compared to 65 in February 2024. This month's total of 78 is lower than the previous month's total supply of available inventory of 79, a decrease of 1%.
		Median Sale Price Last February, the median sale price for Kensington and North Bethesda Homes was $710,000. This February, the median sale price was $752,450, an increase of 6% or $42,450 compared to last year. The current median sold price is 2% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 49	Current Contracts 42	Sold Vs. List Price 101.1%	Months of Supply 2.2

Down -17% Vs. Year Ago	Up 5% Vs. Year Ago	Up 0.9% Vs. Year Ago	Down -10% Vs. Year Ago


		Months of Supply In February, there was 2.2 months of supply available in Kensington and North Bethesda, compared to 2.4 in February 2024. That is a decrease of 10% 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 49 homes newly listed for sale in Kensington and North Bethesda compared to 59 in February 2024, a decrease of 17%. There were 42 current contracts pending sale this February compared to 40 a year ago. The number of current contracts is 5% higher than last February.
		Sale Price to List Price Ratio In February, the average sale price in Kensington and North Bethesda was 101.1% of the average list price, which is 1.0% higher than at this time last year. Days on Market This month, the average number of days on market was 23, lower than the average last year, which was 25, a decrease of 8%.


	Kensington and North Bethesda are defined as properties listed in zip code/s 20895 and 20814.
	*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.