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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chevy Chase Section Three is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Chevy Chase Section Three, MD

How much do homes in Chevy Chase Section Three, MD cost?

Median Sold Price

$1,250,000

$615/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$850,000(-40.5%)

Key Takeaway

Homes in Chevy Chase Section Three have sold for 40.5% less than they did a month ago.

Summary: The median home sold price in Chevy Chase Section Three was $1,250,000 in May 2024, down 40.5% from last month, and the median price per square foot was $615.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 -$1.2M
N/A
4 --
N/A
5+ $2.1M-
N/A

Summary: Chevy Chase Section Three housing prices by bedroom type for May 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 did not change.

Housing Supply in Chevy Chase Section Three, MD

How many homes are available in Chevy Chase Section Three, MD?

Number of Homes For Sale

Apr 2024May 2024CHANGE
23+50.0%

Summary: The Chevy Chase Section Three real estate market had 3 homes for sale in May 2024, a 50.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 02
+100.0%
5+ 10
-100.0%

Summary: The Chevy Chase Section Three housing inventory by bedroom type for May 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 increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 Section Three, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Chevy Chase Section Three in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Apr 2024May 2024CHANGE
2 Days15 Days+650.0%

Summary: Homes in Chevy Chase Section Three had an average of 15 days on market in May 2024, up by 650% 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 Section Three are selling fast, if you're buying plan to act quickly.

Summary: During May 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.

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

Report Updated 12 Days Ago

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