Housing in North Bethesda
North Bethesda's housing market shows a real, disclosed recent softening, distinct from the appreciation this project has documented across most other Maryland Tier B markets.
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Learn moreA real, disclosed year-over-year decline
Zillow's own typical home value for North Bethesda ran $570,381 this pass, down 1.7% year-over-year -- an unusual finding within this dataset, where most Maryland Tier B markets showed appreciation.
Below Bethesda, reflecting a different housing stock
North Bethesda's typical value runs well below Bethesda's own $1.22M-$1.45M cross-source range within the same Montgomery County, reflecting North Bethesda's substantial condo/high-rise housing stock alongside single-family homes.
A comparatively low carrying cost via property tax
Montgomery County's 0.87% effective property tax rate -- below both national and Maryland statewide averages -- adds a comparatively modest carrying cost.
Key takeaways
- Typical home value ($570,381) declined 1.7% year-over-year this pass.
- This is an unusual softening relative to most other Maryland Tier B markets in this dataset.
- North Bethesda's substantial condo/high-rise stock runs well below Bethesda's much higher price range.
- Montgomery County's 0.87% effective property tax rate adds a comparatively modest carrying cost.
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