It’s been an okay month for Chevy Chase home sellers, according to the most recent market data.
For instance, while there are still plenty of active listings on the Chevy Chase real estate market, homes that are selling on the market are selling for higher prices than they have in the last six months.
If you’re considering listing your Montgomery County property anytime soon, I recommend you continue reading to learn more about the current state of the market.
Selling Chevy Chase, Maryland Real Estate
Here are the highlights of the most recent real estate market report for Chevy Chase:
- Currently there are 13 sales pending on the market, as well as 53 active listings.
- Homes priced between $600,000 and $900,000 appear to have the largest number of pending contracts.
- Additionally, homes priced within that same $600,000 to $900,000 price range have the highest number of available listings for sale with 13.
- The average list price on those active listings is $1,562,660.
- During the last six months, 138 contracts have closed with an average sold price of $1,251,320.
- Those homes priced between $600,000 and $900,00 saw the highest number of sold listings.
- Meanwhile, 9 listings have failed to sell during that same period of time.
- Homes priced between $900,000 and $1.2 million saw the highest number of off-market listings with 3 properties.
- Active listings have been on the market for an average of 94 days.
- During the last six months, sold properties were on the market an average of 52 days and sold for an average price of $1,251,320.
- Properties priced between $3 million and $3.3 million have sold the quickest during the last six months.
- During the last 30 days, sold properties have been on the market an average of 35 days and sold for an average price of $1,413,217.
- Currently, there is a 2.3 month’s supply of available homes for sale, based on the last six months of activity.
Chevy Chase, Maryland Homes for Sale
It’s definitely a mixed bag right now for interested Chevy Chase home sellers.
To ensure that your Montgomery County home sells for a great price and in a relatively short amount of time, you’ll want to work with an experienced REALTOR like me, Melinda Estridge.
Contact me today to learn about the exclusive marketing plan I offer residents.
I also encourage you to check out some of the helpful home selling resources I offer online for free, including:
Until next time,
Melinda
