$10,000 Closing Credit*
$1,429,000
2,929 SqFt
5 Beds
•3 Full Baths
Patrick P Chauvin, Listing Office: Compass
Is Chevy Chase, MD 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, MD
How much do homes in Chevy Chase, MD cost?
Median Sold Price
$1,250,000
$489/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
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 $1,250,000 in November 2024, the same as last year, and the median price per square foot was $489.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.5K | $305K | +4.3% |
| 2 Bedrooms | $608.7K | $792.5K | +30.2% |
| 3 Bedrooms | $944.5K | $1.0M | +13.8% |
| 4 Bedrooms | $1.4M | $1.5M | +4.0% |
| 5+ Bedrooms | $2.0M | $2.1M | +6.9% |
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 4.3%, 2 bedroom homes increased by 30.2%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 6.9%.
Housing Supply in Chevy Chase, MD
How many homes are available in Chevy Chase, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 120 | 119 | -0.8% |
Summary: The Chevy Chase real estate market had 119 homes for sale in November 2024, a 0.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 22 | +15.8% |
| 2 Bedrooms | 30 | 30 | 0.0% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 34 | 34 | 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 increased by 15.8%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +19.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chevy Chase, you may be able to get a good deal. 52% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Chevy Chase in November 2024, up by 19.0% month-over-month. Of the 25 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% were sold over asking.
Days on Market for Chevy Chase, MD
How long does it take to sell a home in Chevy Chase, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 21 Days | +14.4% |
Summary: Homes in Chevy Chase had an average of 21 days on market in Nov 2024, up by 14.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 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, 25 homes were sold in Chevy Chase; 68% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
