Chevy Chase is a charming area in Montgomery County that’s committed to a strong sense of community as well as a family-oriented lifestyle.
The area, which is primarily residential, also boasts an array of distinctive shopping and dining venues.
If you’ve been thinking about investing in a Chevy Chase home lately, I recommend you continue reading to learn more about the current state of the market.
The information will inevitably save you time and money as you navigate the Chevy Chase real estate market and try to get the best price on your dream home.
Chevy Chase, MD Properties for Sale
Here’s an overview of the current state of the Chevy Chase real estate market, based on the most recent data available:
- Currently, about 90 homes are listed on the Chevy Chase real estate market, while another 13 are pending sales.
- The segment of the market with homes priced between $800,000 and $1 million has been the most active, given the large number of contracts pending in that price range.
- However, it’s the segment for homes priced between $600,000 and $800,000 that has a relatively large number of homes for sale on the market. Seventeen homes in that price range are currently on the market.
- The average list price for all Chevy Chase homes for sale is $1,389,456.
- During the last six months, 129 homes have sold on the market, with the average sold price being $1,151,576.
- During that period, it was homes priced between $800,000 and $1 million that sold the most.
- Chevy Chase homes priced between $2.2 million and $2.4 million sold the quickest in the last six months.
- Right now, the average days on the market for active listings in Chevy Chase is 92. Over the last six months, the average days on the market for Chevy Chase homes sold was 35 days.
- During the last 30 days, the average sold price for Chevy Chase homes was $1,151,576 and the average days on the market for those sold homes was 35.
Relocating to Chevy Chase, Maryland
If you’re a Chevy Chase home buyer who would like help making sense of what this recent real estate data means to you, then contact me, Melinda Estridge, and and the rest of the Estridge Group, today!
We’ll be happy to tell you how the recent data should affect your home buying strategy on the Chevy Chase real estate market.
We’ll also provide you with a number of helpful Chevy Chase resources, including:
Until next time,
Melinda
