The Long & Foster Market Minute


Zip Code(s): 20895 and 20814
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 19%
Vs. Year Ago
Up 31%
Vs. Year Ago
Up 16%
Vs. Year Ago
Down -30%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 50 sold this month in Kensington and North Bethesda Real Estate versus 40 last month, an increase of 25%. This month's total units sold was higher than at this time last year, an increase of 19% versus April 2023.

Active Inventory
Versus last year, the total number of homes available this month is higher by 17 units or 31%. The total number of active inventory this April was 72 compared to 55 in April 2023. This month's total of 72 is higher than the previous month's total supply of available inventory of 71, an increase of 1%.

Median Sale Price
Last April, the median sale price for Kensington and North Bethesda Homes was $767,450. This April, the median sale price was $888,250, an increase of 16% or $120,800 compared to last year. The current median sold price is 3% higher than in March.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 11%
Vs. Year Ago
Down -3%
Vs. Year Ago
No Change
Vs. Year Ago
Up 10%
Vs. Year Ago

Months of Supply
In April, there was 1.4 months of supply available in Kensington and North Bethesda, compared to 1.3 in April 2023. That is an increase 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 70 homes newly listed for sale in Kensington and North Bethesda compared to 63 in April 2023, an increase of 11%. There were 59 current contracts pending sale this April compared to 61 a year ago. The number of current contracts is 3% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Kensington and North Bethesda was 102.8% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 14, lower than the average last year, which was 20, a decrease of 30%.

The Long & Foster Market Minute 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.
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.