The Bethesda, Maryland Housing Market Report

MARKET REPORT

The State of the Market

Among the most desirable suburbs in the greater Washington Metropolitan Area, Bethesda, Maryland benefits from its proximity to the Nation’s Capital, its bustling downtown, and its wide range of charming neighborhoods.

Among the most popular communities in the Mid-Atlantic, Bethesda, Maryland is characterized by a healthy blend of larger estate residences in neighborhoods such as Edgemoor, Bradley Hills Grove, and Burning Tree Estates and more accessible condominiums and town homes in Bethesda Row.

The most expensive home sold in Bethesda, Maryland for the year ending 2024 was a stunning custom residence in the desirable enclave of Bradley Hills Grove. Originally built in 1972, the over 15,000 square foot residence was the subject of a complete renovation and is set on 2.77 acres of met immaculately landscaped grounds, The home sold for $9.25 Million in January 2024.

Just down the road, a custom home designed by RKB Construction and M.S. Vicas Interiors sold for $7.55 Million in January 2025.

“Bethesda, Maryland is among the most desirable communities in the Washington Metropolitan Area,” says Byron V. Hughey, Vice President at TTR Sotheby’s International Realty.

“Because of its proximity to Washington, D.C., its abundance of charming neighborhoods, and top rated public and private schools, Bethesda, Maryland truly has it all.”

For those seeking to purchase a single family home in Bethesda, Maryland, you can expect to pay an average of $625.43 per square foot and an average total sales price of $1.70 Million. Detached single family homes in Bethesda, Maryland typically sell in 20 days.

For those seeking a new construction homes in Bethesda, Maryland, options are hard to come by — with new construction representing 8% of all residential home sales.

In Bethesda, Maryland, for the year ending 2024, the average sale price for a new construction detached single family home was $2.45 Million.

Among the most desirable communities in the Washington Metropolitan Region, raw land in Bethesda, Maryland is scarcely available, with only 11 recorded land sales recorded for the year ending 2024 and an average price per acre of $3.48 Million.