Your Maryland Real Estate Specialists
Montgomery County Real Estate Market Update
Get the Winning Edge with Grant, Weston, & Jim Bim
Montgomery County inventory is up sharply, but prices are holding steady and homes are still selling right at asking price.
Compared to this time last year, far more homes are active on the market, while pending and closed sales have slowed as buyers take more time to weigh their options. So is it really a buyer's market? The numbers say it's more complicated than that.
Montgomery County By The Numbers
Year Over Year
▲ 27%
Active Listings
More homes on the market than last September
▼ 21%
Pending Sales
Fewer homes going under contract than last year
▼ 12%
Closed Sales
Down from last year
~$600K
Median Sales Price
Holding steady even as inventory grows
This Month's Big Winners
Top Overall Market — Units
Silver Spring
Silver Spring led Montgomery County in September with 162 closed sales.
Top Luxury Market
Bethesda
Bethesda dominated the luxury market again, with $64 million in closed volume across 38 sales.
What This Means If You're Selling
With the median sales price holding steady around $600K and homes selling for 99% of list price, sellers who do the right things are still selling right at what they're asking.
But with active listings up 27%, there's more competition for each buyer, so sellers should lean on strong pricing and presentation to stand out, particularly in high-demand areas like Silver Spring and Bethesda.
What This Means If You're Buying
With active listings up 27%, buyers have a lot more homes to choose from than they did last year, and the dip in pending and closed sales suggests a little less competition per home in some pockets of the county.
Still, don't expect prices to fall. They're holding steady and homes are selling at 99% of list price, so have your strategy ready before you find the right fit, especially in active areas like Silver Spring.
Ready to Make a Move in Montgomery County?
Whether you're buying or selling in Silver Spring, Bethesda, or anywhere else in Montgomery County, we'll guide you step by step so you can take the right actions and be the big winner in your transaction.
Call 410-461-2800Grant Bim, Weston Bim & Jim Bim — Winning Edge Real Estate
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Welcome to Winning Edge Real Estate a Family Owned and Operated Real Estate Brokerage where Winning Matters. We serve all of your real estate needs in and around the Baltimore / Washington Corridor. The Company is run by Jim Bim, Broker of Record, his son's Grant Bim and Weston Bim are Sales people within the company. Jim, Grant and Weston work to help their Sellers & Buyers accomplish their real estate goals while the Office Manager, Valerie Bim, and our Assistant, Kimberly make sure that homes go from "FOR SALE" to "SOLD" smoothly while making sure to keep you informed every step of the way. As real estate specialists we are experts in representing both home Sellers and home Buyers. We can help with general residential home / town home / condo resale, new homes, custom home construction, land sale, sub dividing acreage, as well as investment property. We are very knowledgeable of Howard County, Maryland as we have lived in the area for 40+ years. Due to our clients moving throughout the state, we also are very knowledgeable of Anne Arundel County, Carroll County, Frederick County, Baltimore County and Montgomery County. We actively work on a daily basis in areas that include: Fulton, Ellicott City, Columbia, Mount Airy, Clarksville, Woodstock, Jessup, Marriottsville, Glenelg, Glenwood, West Friendship, and everywhere in between. We also service Western Baltimore County which includes Arbutus, Halethorpe, Catonsville, Owings Mills and Reisterstown. We provide a free Maryland Real Estate search where we feature Howard County, Carroll County, Baltimore County, and Anne Arundel County real estate that will allow you to find homes, condos, townhomes, new homes, luxury homes, or even acreage, lots, or investment properties. Do you want to invest for your future, but you are not sure how to make the leap to become a real estate investor? We can help you find the right money making property, rent your property, and manage your property. If you have the desire to be a real estate investor, then we have the knowledge and know how to get you to real estate investor success. Quick Stats/Highlights: 100% of asking price (average) 63+ active listings Serving: 8 Maryland counties Hundreds of 5-star reviews