Is Chevy Chase View, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chevy Chase View is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Chevy Chase View has remained a Seller's Market.

Key Takeaway

Chevy Chase View is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chevy Chase View, MD

How much do homes in Chevy Chase View, MD cost?

Median Sold Price

$1,535,000

$439/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$177,500(-10.4%)

Key Takeaway

Homes in Chevy Chase View have sold for 10.4% less than they did a month ago.

Summary: The median home sold price in Chevy Chase View was $1,535,000 in November 2024, down 10.4% from last month, and the median price per square foot was $439.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 --
N/A
5+ $1.7M$1.5M
-10.4%

Summary: Chevy Chase View housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 10.4%.

Housing Supply in Chevy Chase View, MD

How many homes are available in Chevy Chase View, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
42-50.0%

Summary: The Chevy Chase View real estate market had 2 homes for sale in November 2024, a 50.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 00
0.0%
5+ 42
-50.0%

Summary: The Chevy Chase View 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chevy Chase View, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Chevy Chase View in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Chevy Chase View, MD

How long does it take to sell a home in Chevy Chase View, MD?

Average Sale Time

Oct 2024Nov 2024CHANGE
5 Days3 Days-45.5%

Summary: Homes in Chevy Chase View had an average of 3 days on market in Nov 2024, down by 45.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chevy Chase View are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Chevy Chase View; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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