You don’t have to be a certified agent to know the Montgomery County real estate market is a red hot zone for home buyers. Maybe it’s a housing bubble driven by pandemic fever but all those zeros and dollars signs spark interest.
According to Washingtonian Magazine’s April issue, our county can claim some of the hottest neighborhoods in the DMV. The issue lists the top 10 places with sizzling sales. They used data from Bright MLS, the region’s multiple listing service. Comparing prices from 2020 to today, here’s how we rated.
Locals won’t be shocked by the results but might feel the burn if they want to relocate. Among the top ten area zip codes profiled Chevy Chase [20815] came in at #4 with the average home selling for $1.2 million. Two Bethesda zips made the cut – 20816 at #5 and 20817 at #8. In both Bethesda areas the average home prices top a million dollars with low double-digit increases over the past two years. Potomac’s 20854 where houses also sold for more than a million, ranked #7.
The Feb. housing stats for D.C. and Montgomery County are out! “If the Feb. data is any indication, the spring market in our region should be a lively one for buyers, sellers and REALTORS® alike,” said GCAAR President @HLBeach. See the full reports here: https://t.co/5fkwysGINd pic.twitter.com/J9GGwFTvPw
— GCAAR (@GCAARNow) March 17, 2022
