Home | Newsletter | Advertise
loading...

A 39 Percent Jump: The Chevy Chase DC Market, By the Numbers

  • April 5th 2021

by UrbanTurf Staff

A home that sold in Chevy Chase DC earlier this year.

With the spring housing market underway, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today, we head over to Chevy Chase DC. 

Year in and year out, Chevy Chase is regularly one of the more competitive DC neighborhood housing markets where high prices, high demand and low supply are constant themes. All those characteristics are in overdrive in 2021. Home sales are up 88% year over year, even with prices up 15%. As for supply, it stood at about two weeks in the first quarter of the year, about as low as it gets in the city. 

Below are some statistics that UrbanTurf compiled about the Chevy Chase market.

  • $1.24 million -- The median home sales price in Chevy Chase DC in 2021, up 14.8 percent compared to 2020. 
  • $1.74 million -- The average sales price on a detached home with 4+ bedrooms, up 39 percent compared to 2020. 
  • 102.6% -- The average sales price to original list price ratio in the neighborhood in 2021. 
  • 2.44 -- The contract ratio in February, meaning that more than two homes went under contract in the month for every active listing.
  • 64% -- The percentage of homes that sold within ten days of being listed in 2021.

Similar Posts: 

This article originally published at https://dc.urbanturf.com/articles/blog/a-39-percent-jump-the-chevy-chase-dc-market-by-the-numbers/18089.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse