Home | Newsletter | Advertise
loading...

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

  • April 2nd

by UrbanTurf Staff

cc-2023 .jpg
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.

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. 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