$2,969 Closing Credit*
$250,000
809 SqFt
1 Bed
•1 Full Bath
James J Higgins, Listing Office: Weichert, REALTORS
Is Chevy Chase, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Chevy Chase has remained a Seller's Market.
Key Takeaway
Chevy Chase is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chevy Chase, DC
How much do homes in Chevy Chase, DC cost?
Median Sold Price
$1,400,000
$551/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,000(+4.5%)
Key Takeaway
Homes in Chevy Chase have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Chevy Chase was $1,400,000 in October 2024, up 4.5% from last year, and the median price per square foot was $551.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.4K | $274.9K | +13.4% |
| 2 Bedrooms | $590K | $690K | +16.9% |
| 3 Bedrooms | $1.2M | $1.2M | -2.1% |
| 4 Bedrooms | $1.4M | $1.4M | +0.6% |
| 5+ Bedrooms | $1.8M | $1.9M | +9.4% |
Summary: Chevy Chase housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 16.9%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Forest Hills | $536.2K | $635K | +18.4% |
| Hawthorne / Barnaby Woods / Chevy Chase | $1.3M | $1.5M | +9.5% |
| Chevy Chase | $1.3M | $1.4M | +4.5% |
Housing Supply in Chevy Chase, DC
How many homes are available in Chevy Chase, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Summary: The Chevy Chase real estate market had 28 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Chevy Chase housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chevy Chase, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Chevy Chase in October 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Chevy Chase, DC
How long does it take to sell a home in Chevy Chase, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 10 Days | +88.5% |
Summary: Homes in Chevy Chase had an average of 10 days on market in Oct 2024, up by 88.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 6 homes were sold in Chevy Chase; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
