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Looking Up: The Chevy Chase Housing Market, By The Numbers

  • April 2nd 2024

by UrbanTurf Staff

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A home that sold last year in Chevy Chase. 

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. 

Chevy Chase is perennially one of the more competitive neighborhood housing markets in the city, and that remains the case this year. Even with home prices increasing 10% so far in 2024, home sales are up and more than half of homes are selling in ten days or less. The market is also quite competitive, particularly for single-family homes: the sales price to list price ratio in the neighborhood is well above 100% in the first three months of the year. 

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

  • $1.352 million -- The median home price in 2024, up 10% compared to 2023. 
  • $1.256 million -- The average list price of homes that sold this year. 
  • 103% -- The average sales price to original list price ratio in the neighborhood in 2024, one of the highest ratios in DC. 
  • 1.08 -- The months of supply of active listings for sale. 
  • 61% -- The percentage of homes that sold within ten days of being listed in 2024.

This article originally published at https://dc.urbanturf.com/articles/blog/looking_up_the_chevy_chase_housing_market_by_the_numbers/22146.

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