Based on what I am seeing, market is mostly back to 2022 prices. I suspect it will be down or flat from here for years.

Housing market can remian flat for 10 years after a big run up.

Sorry wrong price listed. Messed it up.

Correction: Same house plan, same builder, side by side.

Sold in 2023 - 2.375M - https://www.redfin.com/MD/Bethesda/5915-Lone-Oak-Dr-20814/home/183923691

Sold in 2025 - 2.073M
https://www.redfin.com/MD/Bethesda/5917-Lone-Oak-Dr-20814/home/10676536

300K drop in price for new built in 2 years.

Anonymous wrote:

Anonymous wrote:Yes it's dropping,

10-15% below last purchase price in 2023 - https://www.redfin.com/MD/Bethesda/5915-Lone-Oak-Dr-20814/home/183923691

Below purchase price in 2022 - https://www.redfin.com/MD/Bethesda/10024-Sinnott-Dr-20817/home/10675706

Below purchase price in 2021 -
https://www.redfin.com/MD/Bethesda/7909-Paloma-Ct-20817/home/10701644

Two of these were new construction at the first sale. That is not a price drop, that is depreciation (like a new car 5 minutes after you drive it off the lot). The other hasn't sold yet so we don't have the final sales price, but it looks like the sellers got greedy.

Same builder, two houses side by side. exact same plan with same lot size

Sold in 2024 - 2.2M - https://www.redfin.com/MD/Bethesda/5915-Lone-Oak-Dr-20814/home/183923691
Sold in 2025 - 2.07M https://www.redfin.com/MD/Bethesda/5917-Lone-Oak-Dr-20814/home/10676536

130K drop in price.

Anonymous wrote:Yes it's dropping,

10-15% below last purchase price in 2023 - https://www.redfin.com/MD/Bethesda/5915-Lone-Oak-Dr-20814/home/183923691

Below purchase price in 2022 - https://www.redfin.com/MD/Bethesda/10024-Sinnott-Dr-20817/home/10675706

Below purchase price in 2021 -
https://www.redfin.com/MD/Bethesda/7909-Paloma-Ct-20817/home/10701644

also due to two new builds and a sale on third home stops homestead exemption their high sale prices mean higher property taxes. So soncd mortgage rates way up since last sale and property taxes way up not a suprise all three got minor price cuts.

New builds are only new builds once.

Between the three big sites my values are 1,079,000 and 1,111,000 and 1,125,000. Fairly stable over the year with some ups and downs. 20854. The thing about living in a mega-mansion zip is that sometimes a sale or two will really distort your value, so immediate comps are much more important than website guesses.

Anonymous wrote:Yes it's dropping,

10-15% below last purchase price in 2023 - https://www.redfin.com/MD/Bethesda/5915-Lone-Oak-Dr-20814/home/183923691

Below purchase price in 2022 - https://www.redfin.com/MD/Bethesda/10024-Sinnott-Dr-20817/home/10675706

Below purchase price in 2021 -
https://www.redfin.com/MD/Bethesda/7909-Paloma-Ct-20817/home/10701644

Two of these were new construction at the first sale. That is not a price drop, that is depreciation (like a new car 5 minutes after you drive it off the lot). The other hasn't sold yet so we don't have the final sales price, but it looks like the sellers got greedy.

Yes it's dropping,

10-15% below last purchase price in 2023 - https://www.redfin.com/MD/Bethesda/5915-Lone-Oak-Dr-20814/home/183923691

Below purchase price in 2022 - https://www.redfin.com/MD/Bethesda/10024-Sinnott-Dr-20817/home/10675706

Below purchase price in 2021 -
https://www.redfin.com/MD/Bethesda/7909-Paloma-Ct-20817/home/10701644

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A house on Porter St NW in another DCUM post dropped 1.3 million dollars. That is a crazy huge price drop!!

Which one?

https://www.dcurbanmom.com/jforum/posts/list/1284956.page

Using this as an example isn't the flex you think it is. Their initial asking price -- for a badly flipped house -- was comically high for CP. It would have been comically high in 2021, or in any other year when the real estate market was overheated.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A house on Porter St NW in another DCUM post dropped 1.3 million dollars. That is a crazy huge price drop!!

Which one?

https://www.dcurbanmom.com/jforum/posts/list/1284956.page

This is Macomb...but flips for crazy amounts of money aren't really representative of the overall market.

If you look at home sales in that area for the last 2 years, there are only two sales over $5MM (the price at which this one started) and only 2 sales between $4MM - $5MM. Yet, there are a total of like 50 home sales during that time period.

Anonymous wrote:

Anonymous wrote:A house on Porter St NW in another DCUM post dropped 1.3 million dollars. That is a crazy huge price drop!!

Which one?

https://www.dcurbanmom.com/jforum/posts/list/1284956.page

Anonymous wrote:A house on Porter St NW in another DCUM post dropped 1.3 million dollars. That is a crazy huge price drop!!

Which one?

Anonymous wrote:Took a look at Zillow and whew. Property prices in my area are DROPPING. Down $50k from December! Will it pick back up at some point? Any real estate agents got a good assessment of the situation? Is it NIH people leaving en masse?

Not just NIH. A lot of my friends were NOAA, FDA, and other agencies.

A house on Porter St NW in another DCUM post dropped 1.3 million dollars. That is a crazy huge price drop!!

Inventory in my neighborhood is very low. Just two homes on the market. One has been on 4 weeks and the other 2 weeks, which is longer than anything was sitting around back in April. But it’s also the end of July and that’s never a great time to list.

Anonymous wrote:I was planning to buy this year but will wait until the Woodward boundary studies are finished in March 2026. The neighborhoods I'm targeting (parts of Chevy Chase, Kensington, and Bethesda) might be affected and I would hate to pay WJ or BCC neighborhood prices to be rezoned to Blair or Einstein or something.

I recall seeing one area that is currently BCC but may be rezoned for Whitman. That seems like a completely safe bet...and likely you get a bump if it gets rezoned for Whitman.