KENSINGTON AND NORTH BETHESDA HOUSING MARKET DATA

There was an increase in total units sold in March, with 43 sold this month in Kensington and North Bethesda Real Estate versus 36 last month, an increase of 19%. This month's total units sold was higher than at this time last year, an increase of 8% versus March 2024.

Versus last year, the total number of homes available this month is higher by 5 units or 6%. The total number of active inventory this March was 87 compared to 82 in March 2024. This month's total of 87 is lower than the previous month's total supply of available inventory of 92, a decrease of 5%.

Last March, the median sale price for Kensington and North Bethesda Homes was $862,500. This March, the median sale price was $800,000, a decrease of 7% or $62,500 compared to last year. The current median sold price is 6% higher 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 2.0 months of supply available in Kensington and North Bethesda. The amount of supply is similar compared to 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 54 homes newly listed for sale in Kensington and North Bethesda compared to 68 in March 2024, a decrease of 21%. There were 42 current contracts pending sale this March compared to 47 a year ago. The number of current contracts remained stable as compared to last March.

In March, the average sale price in Kensington and North Bethesda was 100.0% 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 38, higher than the average last year, which was 20, an increase of 90%.





FOCUS ON: KENSINGTON AND NORTH BETHESDA HOUSING MARKET			MARCH 2025

Zip Code(s): 20895 and 20814
Units Sold 43	Active Inventory 87	Median Sale Price $800,000	Days On Market 38

Up 7% Vs. Year Ago	Up 6% Vs. Year Ago	Down -7% Vs. Year Ago	Up 90% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 43 sold this month in Kensington and North Bethesda Real Estate versus 36 last month, an increase of 19%. This month's total units sold was higher than at this time last year, an increase of 8% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 5 units or 6%. The total number of active inventory this March was 87 compared to 82 in March 2024. This month's total of 87 is lower than the previous month's total supply of available inventory of 92, a decrease of 5%.
		Median Sale Price Last March, the median sale price for Kensington and North Bethesda Homes was $862,500. This March, the median sale price was $800,000, a decrease of 7% or $62,500 compared to last year. The current median sold price is 6% higher 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 54	Current Contracts 42	Sold Vs. List Price 100.0%	Months of Supply 2.0

Down -21% Vs. Year Ago	Down -11% Vs. Year Ago	Down -1.5% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In March, there was 2.0 months of supply available in Kensington and North Bethesda. The amount of supply is similar compared to 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 54 homes newly listed for sale in Kensington and North Bethesda compared to 68 in March 2024, a decrease of 21%. There were 42 current contracts pending sale this March compared to 47 a year ago. The number of current contracts remained stable as compared to last March.
		Sale Price to List Price Ratio In March, the average sale price in Kensington and North Bethesda was 100.0% 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 38, higher than the average last year, which was 20, an increase of 90%.


	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.