On the market for less than paid for

[Anonymous]

If the bubble isn’t popping, it’s certainly deflating. They paid $1,110,500 in June 2023, which was $115,500 over the list price. In May 2025 it was listed for $1,275,000. Now it’s down to $1,099,000. What do we think it will end up selling for?

https://redf.in/0CXELD

[Anonymous]

That’s at least a milli based on size and location.

[Anonymous]

Is this neighborhood getting rezoned to Woodward? We were looking here last year and felt it was way overpriced for the old homes on tiny lots. We opted to buy in Rockville mainly because Alta Vista is being rapidly taken over by McMansions and we didn’t want to be eventually be sandwiched between enormous new builds.

[Anonymous]

In this market they will end up selling for close to what they paid for it (around 1 million). It's already been on the market for 4 months. Clearly they have been pricing it wrong.

[Anonymous]

Not sure how NIH is a draw or selling point given they fired so many.

Agents need to wake up.

[Anonymous]

Anonymous wrote:If the bubble isn’t popping, it’s certainly deflating. They paid $1,110,500 in June 2023, which was $115,500 over the list price. In May 2025 it was listed for $1,275,000. Now it’s down to $1,099,000. What do we think it will end up selling for?

https://redf.in/0CXELD

Of course it is. By this time next year foreclosures will be the norm.

[Anonymous]

Anonymous wrote:Not sure how NIH is a draw or selling point given they fired so many.

Agents need to wake up.

From my extensive interaction with many local realtors it usually takes them a year or so to get “calibrated” with local selling conditions. Eventually reality sets in though. I’m seeing this now with listing pricing more in line with market conditions.

[Anonymous]

Anonymous wrote:Not sure how NIH is a draw or selling point given they fired so many.

Agents need to wake up.

+1

Also, prices in region are below the peak of 2022-2023 for many sold houses.

[Anonymous]

https://www.zillow.com/homedetails/7909-Paloma-Ct-Bethesda-MD-20817/37199801_zpid/


2021 - 2.2M
2025 - 2.0M

[Anonymous]

Anonymous wrote:Not sure how NIH is a draw or selling point given they fired so many.

Agents need to wake up.

Average NIH employees buying for the first time can’t afford these prices anyways.

[Anonymous]

Anonymous wrote:Not sure how NIH is a draw or selling point given they fired so many.

Agents need to wake up.

Russ Vought’s most recent wet dream called for firing 4500 workers at NIH: 25% of the current workforce.

[Anonymous]

water runs right down that driveway into the garage.

[Anonymous]

I mean, it has an ugly exterior with that unfortunate second story addition. I wouldn't give it a second look based on that alone.

[Anonymous]

I love this sweet house. Hoping it sells over asking. Great location, too.

[Anonymous]

The home looks nice but the problem with those old homes is closets and master baths are too small. You have to convert a bedroom into a roomy master bath room and walk in closet.