Unlike on the Bethesda real estate market, activity on the Chevy Chase real estate market continues to be somewhat slow, according to the most recent market data.
How exactly does this affect interested Montgomery County home buyers like you? Continue reading to find out!
Properties for Sale in Chevy Chase, Maryland
Here’s a brief overview of recent market activity in this Montgomery County community:
- Currently there are 36 sales pending on the Chevy Chase housing market, as well as 150 listings that are still for sale.
- The average listing price for all properties for sale in Chevy Chase is $1,108,196.
- Those homes priced between $800,000 and $1 million have seen the largest number of contracts recently.
- Meanwhile, those homes priced under $200,000 have the largest number of properties for sale with 24 listings.
- During the last six months, a total of 175 contracts have closed, with an average sold price of $859,011.
- The $600,000 to $800,000 price range saw the largest number of these sold properties.
- Also during the last six months, 17 listings have failed to sell.
- The $1 million to $1.2 million price range saw the largest number of these failed listings with 3.
- Current listings on the market have been listed for an average of 94 days.
- During the last six months, home listings were on the market an average of 63 days before they sold.
- Those homes priced between $2 million and $2.2 million have sold the quickest during that time period.
- During the last 30 days, home listings were on the market an average of 52 days before they sold.
- Currently, the Chevy Chase housing market has a 5.1 months supply of homes for sale
Purchase a Chevy Chase Home for Sale Today!
Because recent market activity has been somewhat slow, interested Chevy Chase home sellers will most likely be willing to negotiate with home buyers in order to be able to sell their home in a reasonable time frame.
Thus, interested home buyers like you have a great opportunity to get an incredible deal on a Chevy Chase home for sale!
If you’re thinking about investing in your own piece of Chevy Chase real estate anytime soon, please don’t hesitate to contact me, Melinda Estridge.
As your Montgomery County real estate expert, I’ll be more than happy to answer any questions you may have about the local housing market as well as provide you with such useful home-buying resources as:
Until next time,
Melinda
