Bethesda home prices rise in the third quarter of 2020

Medium realestate2

The median sale price of a home sold in the third quarter of 2020 in Bethesda rose by $54,750 while total sales decreased by 12.2%, according to BlockShopper.com.

From July through September of 2020, there were 202 homes sold, with a median sale price of $1,075,000 - a 5.4% increase over the $1,020,250 median sale price for the same period of the previous year. There were 230 homes sold in Bethesda in the third quarter of 2019.

The median sales tax in Bethesda for the most recent year with available data, 2016, was $9,814, approximately 0.9% of the median home sale price for the third quarter of 2020.

The following table compares Bethesda to other Montgomery County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Brinklow220%$1,375,000$485,500183.2%
Chevy Chase4856-14.3%$1,225,000$1,130,0008.4%
Travilah2838-26.3%$1,158,500$1,121,2503.3%
Bethesda202230-12.2%$1,075,000$1,020,2505.4%
Cabin John770%$1,020,000$1,100,000-7.3%
Potomac142146-2.7%$972,500$934,0004.1%
Darnestown201717.6%$796,000$749,0006.3%
Garrett Park770%$780,000$650,00020%
North Potomac5058-13.8%$756,500$732,2503.3%
South Kensington4348-10.4%$756,000$734,2503%
North Bethesda86824.9%$725,000$658,00010.2%

Blockshopper green logo