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Thursday, November 28, 2024

How did home prices perform in Bethesda during the third quarter of 2021?

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The median sale price of a home sold in the third quarter of 2021 in Bethesda rose by $210,000 while total sales increased by 68.2%, according to BlockShopper.com.

From July through September of 2021, there were 412 homes sold, with a median sale price of $1,110,000 - a 23.3% increase over the $900,000 median sale price for the same period of the previous year. There were 245 homes sold in Bethesda in the third quarter of 2020.

The median sales tax in Bethesda for the most recent year with available data, 2020, was $9,425, approximately 0.8% of the median home sale price for the third quarter of 2021.

The following table compares Bethesda to other Montgomery County cities with similar median sale prices in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Chevy Chase864495.5%$1,402,500$1,244,50012.7%
Travilah6529124.1%$1,320,000$1,180,00011.9%
Bethesda41224568.2%$1,110,000$900,00023.3%
Potomac26715374.5%$1,050,000$900,00016.7%
Brookeville990%$950,000$660,00043.9%
Brinklow12-50%$915,000$1,375,000-33.5%
Washington Grove14-75%$899,900$531,50069.3%
North Potomac725044%$877,500$756,50016%
Darnestown292045%$875,000$796,0009.9%
Laytonsville14955.6%$862,500$695,00024.1%
South Kensington494314%$856,550$756,00013.3%

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