How’s the Rockville Real Estate Market in 20852?
The Rockville real estate market is doing pretty well compared to this time last year in zip code 20852, with the average sold price being down by 4%. The average days on market are higher - 60 days vs. 46 days last year. Sellers are getting just slightly less of what they are asking - 95.1% of the list price, and no better than 97.2% of last year's average list price.
What Has Sold?
In September, 9 single family homes sold, 4 town homes and 25 condos sold. There were 8 short sales and no foreclosures in the 20852 zip code, making distressed properties 21% of sales. Neighborhoods with the most sales include the high rise Grosvenor Park and Midtown Bethesda North; garden condos in Georgetown Village and single family homes in Hungerford.
Do you want to stay up to date on what homes are selling for in your neighborhood? Then sign up for our
Market Snapshot Report.
br>
What Is Happening with Home Prices?
Single family home average sales prices saw a decrease in September from a high in July, but townhouses and condos seemed to do well (see chart - mouse over for details). A change in the average sales price for one month is not necessarily an indication of a trend, it could just indicate that more homes were sold in a more or less expensive neighborhood of Rockville.
The most expensive home that sold was a colonial style home in North Farm for $770K.
You can see more details about home sales in our report on
Rockville Property Values.
Are Sellers Getting Their Asking Price in Rockville?
The chart below (mouse over for details) shows this year's trend for the proportion of original listing price a home seller is getting when they sell. This takes into account price reductions. This month's overall average is 95.1%, compared to last year's average of 97.2% and the overall county average that is 93.9%.
How Long Is it Taking to Sell a Home?
The average number of days it took a home to sell in September was 60, compared to 46 last year. The overall county average for the month was 77. You can see more market statistics in our
Rockville Real Estate Market Trends Report.
Who is Buying?
There were 8 cash buyers (often investors) making up 21% of home sales in 20852 for September. Overall in Montgomery County, cash buyers made up 16.79% of home sales.
What is For Sale?
Click on the map below to start your Rockville home search, save your favorites, set up automatic emails, and receive alerts for properties that fit your criteria.
Call Bob Myers of Re/Max Realty Services at 301-910-9910 if you have any questions about the value of your home or the real estate market.
