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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chevy Chase is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Chevy Chase, MD cost?

Median Sold Price

$1,382,450

$521/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

-$289,550(-17.3%)

Key Takeaway

Homes in Chevy Chase have sold for 17.3% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 --
N/A
3 $1.1M$990K
-16.7%
4 $1.4M$1.3M
-8.0%
5+ $2.1M$1.6M
-21.4%

Median Sold Price Compared To Nearby Cities

Chevy Chase Section Three
-15.9%
Chevy Chase
-17.3%

How many homes are available in Chevy Chase, MD?

Number of Homes For Sale

Jul 2022Aug 2022%
47+75.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 00
0.0%
3 02
+100.0%
4 22
0.0%
5+ 23
+50.0%

Number of Homes Sold

Jul 2022Aug 2022%
03+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Average Sale Time

Aug 2021Aug 2022%
18 Days4 Days-78.6%

Breakdown of Home Sale Times

3 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 are selling fast, if you're buying plan to act quickly.

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

About Chevy Chase, MD

Chevy Chase, MD has 7 homes on the market. In August 2022 in Chevy Chase, MD there were 75% more homes for sale than in July 2022. In August 2022 median list price was $1,382,450 and the average listing age was 4 days. Real estate listing prices changed between July 2022 and August 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 0%, 3 bedrooms properties prices decreased by 16.7%, 4 bedrooms properties prices decreased by 8%, the cost of 5 bedrooms properties went down by 21.4%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, 2 bedrooms homes did not move, the quantity of 3 bedrooms homes went up by 100%, 4 bedrooms homes inventory did not change, 5 bedrooms homes inventory increased by 50%. While more than 3 listings in Chevy Chase, MD in August 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 0 were sold below.