$9,495,000
12,650 SqFt
5 Beds
•5 Full Baths, 3 Partial
Patrick P Chauvin, Listing Office: Compass
Is Chevy Chase, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$1,442,500
$550/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$94,999(+7.1%)
Key Takeaway
Homes in Chevy Chase have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Chevy Chase was $1,442,500 in November 2024, up 7.1% from last year, and the median price per square foot was $550.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.4K | $274.9K | +13.4% |
| 2 Bedrooms | $628.5K | $655K | +4.2% |
| 3 Bedrooms | $1.2M | $1.2M | +4.2% |
| 4 Bedrooms | $1.4M | $1.5M | +3.1% |
| 5+ Bedrooms | $1.8M | $2.0M | +10.7% |
Summary: Chevy Chase housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Hawthorne / Barnaby Woods / Chevy Chase | $1.3M | $1.5M | +10.5% |
| Forest Hills | $538.7K | $582.5K | +8.1% |
| Chevy Chase | $1.3M | $1.4M | +7.1% |
Housing Supply in Chevy Chase, DC
How many homes are available in Chevy Chase, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Summary: The Chevy Chase real estate market had 23 homes for sale in November 2024, a 14.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 8 | 4 | -50.0% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Chevy Chase housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chevy Chase, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Chevy Chase in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 32 Days | +42.5% |
Summary: Homes in Chevy Chase had an average of 32 days on market in Nov 2024, up by 42.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was 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, 8 homes were sold in Chevy Chase; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
