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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chevy Chase Village is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Chevy Chase Village has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Chevy Chase Village, MD

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

Median Sold Price

$2,275,000

$635/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$65,000(-2.8%)

Key Takeaway

Homes in Chevy Chase Village have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in Chevy Chase Village was $2,275,000 in November 2024, down 2.8% from last year, and the median price per square foot was $635.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.7M$1.3M
-26.3%
4 $2.3M$1.8M
-19.6%
5+ $2.3M$2.3M
-0.3%

Summary: Chevy Chase Village 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 did not change, 3 bedroom homes decreased by 26.3%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes decreased by 0.3%.

Median Sold Price Compared To Nearby Cities

Washington
+1.9%
Chevy Chase Village
-2.8%

Housing Supply in Chevy Chase Village, MD

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
45+25.0%

Summary: The Chevy Chase Village real estate market had 5 homes for sale in November 2024, a 25.0% increase 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 22
0.0%
5+ 23
+50.0%

Summary: The Chevy Chase Village 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 increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chevy Chase Village, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Chevy Chase Village in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Chevy Chase Village, MD

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

Average Sale Time

Nov 2023Nov 2024CHANGE
10 Days5 Days-52.4%

Summary: Homes in Chevy Chase Village had an average of 5 days on market in Nov 2024, down by 52.4% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Chevy Chase Village; 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 22 Days Ago

Newest Listings in Chevy Chase Village, MD

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