The Bethesda area has the most expensive home prices in the state, according to an annual report released Tuesday by a national real estate company.
The Coldwell Banker 2015 Home Listing Report used the prices of 81,000 homes in the company’s listing database to determine the average listing price of four-bedroom, two-bathroom homes in more than 2,700 markets in the country.
In the Bethesda area, the average listing price was $782,300, according to the report.
In Maryland, Stevensville on Kent Island came in as the second most expensive market with an average listing price of $598,238. Annapolis came in third with a listing price averaging $587,252.
The Bethesda market’s average home price also beat out the most expensive listings in the Reston and Vienna market, which came in first in Virginia with an average home price of $641,783.
Potomac, Rockville, Chevy Chase and Gaithersburg did not appear in the report because those markets did not have more than 10 four-bedroom, two-bath listings on Coldwell Banker’s website in the previous year, according to David Siroty, a Coldwell Banker spokesman.
Rankings via Coldwell Banker.
Silver Spring ranked ninth in Maryland, with an average home listing of $450,487.
The local home market doesn’t seem quite as expensive when compared to listings in several California markets, notably those surrounding San Francisco and San Jose. Newport Beach, outside of Los Angeles, was ranked the most expensive home market in the country with an average listing price of nearly $2.3 million. The next six most expensive markets were in Northern California:
- Palo Alto – $2.066 million
- Saratoga – $1.97 million
- Cupertino – $1.659 million
- Los Gatos – $1.57 million
- Arcadia – $1.54 million
- San Mateo – $1.46 million
Nationally, Bethesda’s home prices ranked as the 75th highest in the country. Bethesda came in just below Washington, D.C., where four-bedroom homes listed for $784,038 on average.
