$65,000
0.16 Acres
Land
Shawn S. Kormondy, Listing Office: Keller Williams Beverly Hills
Is Chevy Chase, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Chevy Chase was a Seller's Market.
Key Takeaway
Chevy Chase is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chevy Chase, CA
How much do homes in Chevy Chase, CA cost?
Median Sold Price
$1,520,000
$688/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+0.3%)
Key Takeaway
The sold price of homes in Chevy Chase has remained the same since last year.
Summary: The median home sold price in Chevy Chase was $1,520,000 in November 2024, up 0.3% from last year, and the median price per square foot was $688.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.0M | $1.0M | +6.0% |
| 3 Bedrooms | $1.3M | $1.6M | +15.5% |
| 4 Bedrooms | $1.9M | $1.7M | -11.5% |
| 5+ Bedrooms | $2.3M | $1.5M | -33.1% |
Summary: Chevy Chase housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 33.1%.
Median Sold Price Compared To Nearby Neighborhoods
| The Verdugos | $1.1M | $1.2M | +5.4% |
| Chevy Chase | $1.5M | $1.5M | 0.3% |
Housing Supply in Chevy Chase, CA
How many homes are available in Chevy Chase, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The Chevy Chase real estate market had 15 homes for sale in November 2024, a 11.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chevy Chase housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chevy Chase, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Chevy Chase in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Chevy Chase, CA
How long does it take to sell a home in Chevy Chase, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 6 Days | -87.9% |
Summary: Homes in Chevy Chase had an average of 6 days on market in Nov 2024, down by 87.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chevy Chase are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Chevy Chase; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.