Is Chevy Chase Section Three, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Chevy Chase Section Three has remained a Seller's Market.
Housing Prices in Chevy Chase Section Three, MD
How much do homes in Chevy Chase Section Three, MD cost?
Median Sold Price
$1,500,000
$570/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Chevy Chase Section Three was $1,500,000 in June 2024, down 10.4% from last year, and the median price per square foot was $570.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $1.5M | $1.0M | -28.2% |
4 Bedrooms | $1.4M | $1.4M | -1.4% |
5+ Bedrooms | $2.3M | $2.0M | -16.1% |
Summary: Chevy Chase Section Three housing prices by bedroom type for June 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 28.2%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 16.1%.
Housing Supply in Chevy Chase Section Three, MD
How many homes are available in Chevy Chase Section Three, MD?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Summary: The Chevy Chase Section Three real estate market had 2 homes for sale in June 2024, a 33.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 0 | -100.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chevy Chase Section Three housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Chevy Chase Section Three in June 2024, the same as the previous 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 Section Three, MD
How long does it take to sell a home in Chevy Chase Section Three, MD?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
4 Days | 5 Days | +11.1% |
Summary: Homes in Chevy Chase Section Three had an average of 5 days on market in Jun 2024, up by 11.1% compared to last year.
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
Summary: During June 2024, 1 homes were sold in Chevy Chase Section Three; 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.