Bordering DC: Homes For Sale Montgomery County MD

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If you’re moving to the D.C. area, you might be intimidated by some of the house prices in the district itself. The median sale price of homes in D.C. is north of a million dollars, which may be somewhat out of your price range. The good news is that there are tons of suburbs in the D.C. area that give you access to all the capital amenities for a much lower price.

Montgomery County, Maryland, is about half an hour from D.C. and has some amazing cities you can call home. Read on to discover homes for sale in Montgomery County and some of the amazing communities you’ll discover there. 

Meet Montgomery County

Montgomery County, Maryland, sits on the northern border of Washington, D.C., on the north side of the Potomac. The county is home to a little more than a million people, many of whom commute to work in D.C. each day. The area is also popular among investors looking to buy their first rental property.

Bethesda

Bethesda, Maryland, is a city located on the northwestern border of the District of Columbia. It sits on the northeast bank of the Potomac and is home to about 65,000 people. Bethesda has been described as “a world in one neighborhood” and is home to a number of boutiques, ethnic restaurants, and trendy artistic haunts that residents love.

Homes in Bethesda tend to sell for a little more than a million dollars and cost about $425 per square foot. Right now, there’s a seller’s market, meaning that there are more people looking to buy homes than there are homes on the market. Homes are selling in under forty days, so if you see a home you like, don’t hesitate to put in an offer.

Takoma Park

Takoma Park is about twenty-three minutes from Washington, D.C., and sits close to the northern border of the district. This suburb is much smaller than Bethesda, home to just under 18,000 people. The city is nicknamed “The Azalea City” thanks to its dozens of beautiful azalea bushes that brighten its green spaces in the spring. 

Homes in Takoma Park are more affordable for first-time homebuyers and investors. Homes tend to list for a little under $650,000 at about $400 a square foot and are currently selling for around $875,000. As you might guess from that price difference, it’s very much a seller’s market right now, so act fast to get your dream home.

Silver Spring 

Silver Spring sits on the very northern border of the District of Columbia, less than twenty minutes from Washington’s city center. It’s home to more than 81,000 residents and is the hub of art and culture in Montgomery County. There are dozens of concert venues, golf courses, boutiques, restaurants, and cultural attractions to delight residents and visitors alike.

Given how popular Silver Spring is, the homes there are very affordable, listing for around $525,000 and selling for an average of $50,000 over the asking price. Homes there tend to sell for around $270 a square foot, often in thirty-five days or less. Silver Spring is experiencing a seller’s market right now, and as of this writing, there are less than 600 homes on the market in the city.

Potomac

Potomac, MD, is a little further out from D.C., although it’s still less than half an hour from the city center. The city is home to about 46,000 people and has been called the “Beverly Hills” of Montgomery County, Maryland. The neighborhoods in this city are packed with stunning homes, and residents will love the wide range of artistic and outdoor activities available. 

As you might guess, homes in Potomac are a little higher on the price scale, hitting around $1.2 million. They sell for about $318 a square foot, and home sellers here get asking price for their homes. Homes are selling in about thirty-six days, though, so you’re going to want to move fast when you find your dream home.

Rockville

Rockville is also a little further out from D.C., sitting to the northeast of Potomac and about a thirty-minute drive from the city center. The neighborhood is home to a little more than 68,000 people, as well as some of the top biomed and technology companies in the world. Rockville was named the best place to live in Maryland in 2018 by Money magazine and earned a perfect score from the Human Rights Campaign for their commitment to the welfare of their LGBTQ+ residents.

Homes in Rockville are on the more affordable end for the region, listing for an average of $600,000. Right now, the city is experiencing a seller’s market, and homes are selling for about $70,000 over asking price. Listings tend to go for about $300 a square foot and sell within thirty-five days. 

Kensington

Kensington is a small community off the northwest tip of the District of Columbia, about twenty-six minutes from Washington’s city center. Only 2,000 people call Kensington home, so you can enjoy the best of both worlds in this community. You’ll love the small-town charm of the neighborhood while still having easy access to all the amenities D.C. has to offer.

Homes in Kensington list for a little under $875,000 right now and are typically selling for below list price, at about $825,000. Most listings run about $350 a square foot, and, despite the lower sale prices, they sell in about thirty-three days. This area is very much a seller’s market, and there are less than 100 homes for sale, so do not hesitate to make an offer.

Chevy Chase

Chevy Chase is a neighborhood on the northwest side of Washington, D.C., about twenty minutes from the capital. This is one of the more exclusive D.C. suburbs, with incomes averaging well over $250,000 a year. As you might expect, the neighborhood offers a bevy of luxurious homes and a spectacular community.

Homes here are on the higher end of the price scale, listing at $1.5 million and selling for close to $2 million. Per-square-foot costs are a little more than $600, and, unusually for this area, Chevy Chase is experiencing a buyer’s market. However, homes are still selling in under forty days, so buyers will want to move quickly.

Gaithersburg 

Gaithersburg sits a little north of Potomac, about forty-five minutes from the city center of D.C. The city is home to more than 70,000 people, and is an extraordinarily livable community. Their schools are some of the best in the country, and many of their neighborhoods have won awards for their quality. 

Homes in Gaithersburg are very affordable for the region, listing around $510,000 at just under $250 a square foot. They do tend to sell for higher than list price – around $550,000. Homes are selling in about thirty-six days as of this writing, so buyers will want to move fast once they find the right home.

Germantown 

Germantown is even further out from D.C., sitting northwest of Gaithersburg and about fifty minutes’ drive from the city center. However, with a population close to 90,000, this city has plenty to offer on its own merit. It’s home to a Dutch market, an orchard, dozens of charming eateries, and much more.

As you might expect, the further you get from D.C. proper, the more affordable the homes get. Homes in Germantown generally list for a little under $410,000 and sell for about $423,000. They usually go on the market for $228 a square foot and sell in around thirty-four days as of this writing. 

Aspen Hill 

Aspen Hill sits just east of Rockville and is about a forty-minute drive from D.C. in moderate traffic. The city is home to about 54,000 people and is ranked one of the best places to live in Montgomery County. There are parks and trails for residents to enjoy, as well as some museums you’ll love visiting on the weekends. 

Homes in Aspen Hill list for around $550,000 and are selling for about $615,000 at the time of this writing. They tend to list for a little over $260 a square foot and sell in thirty-four days or less. Aspen Hill is very much a seller’s market, so plan to put a little extra money up front and move fast on getting offers on the table.

Clarksburg 

Clarksburg, Maryland, is about thirty miles up I-270 from Washington, D.C., or about a fifty-minute drive. It’s home to a little more than 26,000 people and offers a fantastic small-town vibe while maintaining reasonable access to the city. There are lots of parks and trails for residents who want to soak up the sun this summer. 

Homes in Clarksburg tend to list for just under $650,000 and are actually selling for less than list price right now. List prices tend to go for $227 a square foot, and homes are selling for about $614,000. However, these sales are turning over in about five weeks, so don’t wait to put in an offer on a home you love. 

Montgomery Village

Montgomery Village is a community north of Gaithersburg and about forty-five minutes away from Washington, D.C. It’s home to about 40,000 people and has an abundance of cherry trees, rolling hills, and mirrored lakes. Montgomery Village is also a unique planned community that sparked the rise of other such developments around the D.C. metropolitan area.

Homes in Montgomery Village are tremendously affordable, especially in this region. They tend to list for around $325,000 and are currently selling for about asking price. Homes sell for about $200 a square foot and sell in a little over a month, so you’ll want to move fast on getting a home in this community.

North Bethesda 

While North Bethesda is a little way north of Bethesda, Maryland, it is its own distinct community. North Bethesda is home to about 50,000 people and offers a wealth of cultural offerings. With fantastic eateries, local theater, and easy access to the Metro line, you’ll never be short on things to do in North Bethesda.

Homes in North Bethesda tend to list for around $600,000 and are currently selling far over list price, at around $715,000. They tend to go on the housing market at $336 per square foot and sell in less than forty days. As of this writing, there are less than 200 homes for sale in North Bethesda, so you’ll want to move fast if you hope to live in this neighborhood. 

Olney 

Olney, Maryland, is about fifty minutes north of Washington, D.C. and is home to about 35,000 people. The little city has a number of historic gems, including a farmhouse built for the inventor of the refrigerator. It was also named #17 on Money magazine’s best places to live in 2007. 

Olney homes are a little more affordable, listing for around $600,000 and selling for about $60,000 over list price. The homes tend to list for a little more than $250 a square foot, and they sell in about thirty-five days. There are less than 100 homes for sale in Olney as of this writing, so hurry if you want to snag a home in this charming hamlet.

Find Homes for Sale in Montgomery County

Montgomery County, MD, is an amazing place to live, with convenient access to D.C. and a wide range of house prices. From Bethesda and Takoma Park to North Bethesda and Olney, Montgomery County has a variety of amazing towns, cities, and communities. You’ll find gorgeous green spaces, fabulous restaurants, thriving artistic cultures, and so much more.

If you’d like to find homes for sale in Montgomery County, check out the rest of our site at Nomadic Real Estate. We provide leasing, management, sales, and most importantly, peace of mind. Check out our real estate sales services and discover our unique approach to property management.

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Enhanced Reporting

Your portal includes a selection of extremely useful reports. Reports are available in the “Reports” section, and are distinct from the financial statements. Unlike financial statements which are static records, Reports are dynamic real-time records that will update with current data every time you view them. 

Scroll down to learn more about Reports:

Navigate to the "Reports" module in your portal:

Owner Portal Reports
  • Keep in mind, these reports are dynamic records. They will refresh to display current information every time you view them. 

Enhanced Rent Roll Report:

Enhanced Rent Roll Report
  • The Enhanced Rent Roll Report will show the rent amount, last payment date, move-in date, lease expiration date, and security deposit amount for each of your tenants. 
  • It will also show a portfolio summary with occupancy percentage, vacancy loss, and more!

Unit Comparison Report:

Unit Comparison Report
  • If you own multiple units (or buildings) with Nomadic, you’ll get access to the Unit Comparison Report. 
  • This report enables you to quickly compare financial performance between your units at a glance without toggling between individual reports. 

Income Statement Month-Over-Month:

Income Statement by Month Report
  • The Income Statement Detail – Monthly Report serves as a month-over-month record of portfolio performance. You’ll see itemized income and expense categories and can track monthly. This report will update with fresh data every time you view it. 

Financial Statements

Financial statements will be published to your portal on a monthly basis. The statements are found in your Documents library, and provide a historical record of all financial performance. The statements serve as a snapshot of financial performance over a given period, and are static documents (unlike Reports, the statements do not update/change in real-time). 

Scroll down for more info about the Financial Statements in your Documents library:

The Documents area contains monthly financial statements:

Owner Portal Documents
  • The statements in the Documents are are static documents. They are posted to the portal once a month to serve as a historical record of financial performance. 

Download a statement to see month and YTD financials:

Owner Portal Property Statement

You'll also find a month-over-month operating statement:

Month over Month Statement

Portal Communication Tool

You can use your owner portal to communicate with our team. Any messages you send through the portal will go straight to your Account Manager. When we reply, you’ll get an email notification and you’ll also see the message in your portal next time you log in. 

Here’s an overview of using the communication platform:

Click "Communications" and navigate to "Conversations":

Commincation Dashboard Screenshot
  • The communications module will contain a record of all messages that you create through the portal. 

Click the "New Message" button and send your message:

Owner Portal New Message Screenshot

Responses will show up in the conversation ticket:

Portal Conversation Response Screenshot
  • You’ll get an email notification whenever you get a response, and you’ll also see the message in your portal next time you log in. 

You can reply in-line using the comment box:

Owner Portal Comment

Each conversation will be logged in its entirety:

Portal Conversation Snapshot

Understanding the Ledger

Your portal includes a ledger with all transactions. The ledger is populated with data in real-time as transactions flow through our accounting software. Much of this information is also available in the Reports area, as well as the Statements in your Documents library, but the ledger is the most comprehensive resource for diving into the details. 

Please scroll through the sections below to get a better understanding of how to interpret the ledger. 

By default, transactions are sorted chronologically:

Owner Ledger Dates
  • The date reflected in the lefthand column is the actual transaction date, not the “bill date”. This is the date the transaction was actually processed. 

If you have multiple properties with Nomadic, you'll see the address for each transaction in the "Location" column:

Ledger Property Column
  • You can filter the ledger to look at just one property, all properties, or specific sets of properties. 
  • If you only have one property with us, you’ll just see the ledger for that property. 

The Description column displays the transaction type:

Owner Ledger Description Column
  • BILL: this is an expense transaction, such as for repair costs or management fees.
  • CHARGE: this is a transaction  billed to the tenant, most typically a rent payment. 
  • NACHA EXPORT: this is a credit we processed to your distribution account. This type of transaction is how you get paid! 

The Amount column shows the dollar value of each transaction:

Owner Ledger Amount Column
  • Positive Amounts: if an amount is positive, it reflects a transaction that is payable to you. Typically, this will be a rent payment that we collected from your tenants. On occasion, a positive number could also signify a journal entry or credit adjustment. 
  • Negative Amounts:  if an amount is negative, this is a transaction that is either payable to Nomadic or is an amount that has already been paid to you. Typically this will be for repair costs or management/leasing fees. Owner draws (net distributions into your checking/savings account) also reflect as negative amounts, since they have already been paid to you. 

The Account Balance column shows a sum of positive/negative transactions at a given point in time:

Owner Ledger Account Balance Column
  • Account Balance should always equal zero after a net distribution has been processed. When the balance is zero, this means that all expenses have been paid and you’ve received the remainder as net operating income, leaving a balance of zero (meaning: no one is due any money, as all funds have been distributed appropriately). 

Navigating the Propertyware Owner Portal

Your portal includes some extremely useful features that help you understand your property’s financial performance at a new level, with real-time transparency into every transaction.

Scroll through the snapshots below for an overview of portal navigation! If you need more help or have specific questions about using the portal, you can reach out to your Account Manager any time for a screen share. 

You can filter all info by date range or property:

PW Portal Filters

View a snapshot of income and expenses on your dashboard:

PW Owner Dashboard View

See every transaction in real-time on your ledger:

Owner Portal Ledger View

Statements and forms will be posted to your documents library:

Owner Portal Document Library

View a suite of real-time financial reports:

Portal Reports View

See a running list of all bills, and drill down for more detail:

Owner Portal Bills View

Under Bill Details, you'll find dates/descriptions/amounts and more:

Portal Bill Details

You can also communicate with your Account Manager through the portal:

Owner Portal Communication Tools

How do net distributions work?

Net distributions keep your accounting clean and simple. Each month we’ll collect rent from the tenants, deduct any repair expenses for the previous month and any management/leasing fees for the current month, and credit the remaining net operating income to your account. 

Net Distribution

You’ll receive a statement via email each time a net distribution is processed, and can view all transaction details in your Propertyware owner portal.