The outlook on the Chevy Chase real estate market is steadily improving for area home sellers!
After all, the home price has risen over the last several months while the total days on the market for sold properties has fallen!
If you’re thinking about listing your Chevy Chase property, I recommend you continue reading for a comprehensive overview of the market.
Properties for Sale in Chevy Chase
Here are the highlights of the most recent market data on Chevy Chase, MD:
- Currently there are 17 sales pending on the market as well as 56 active listings.
- Those homes priced between $1.2 million and $1.5 million make up the largest number of contracts pending.
- Meanwhile, those homes priced between $600,000 and $900,000 make up the largest number of active listings with 11.
- The average list price for all properties for sale on this market is $1,618,163.
- During the last six months, 132 homes have sold for an average sold price of $1,236,443.
- Those homes priced between $600,000 and $900,00 saw the largest number of sold listings.
- Also during the last six months, 10 have failed to sell.
- Those homes priced between $900,000 and $1.2 million saw the highest number of failed listings with 4 properties.
- Current active listings have been on the market for an average of 88 days.
- During the last six months, the average sold price for closed properties has been $1,236,443, with an average days on the market of 55.
- Those properties priced between $3 million and $3.3 million have sold the quickest in the last six months.
- During the last 30 days, the average sold price for Chevy Chase homes has been $1,389,141 and the average days on the market has been 39.
- Based on the last 6 months of sales, the current housing inventory on the Chevy Chase real estate market is 2.5 months.
Selling Your Chevy Chase Real Estate
Now is the time to enter the Chevy Chase housing market as a home seller!
Contact me, Melinda Estridge, today to learn how I can help you get the price you want on your home!
While you’re at in, please feel free to check out some of my online home-selling resources, including:
Until next time,
Melinda
