What's Hot: Douglas Development Files PUD For Large Warehouse At New City Site Along New York Avenue
Low Supply, Big Premiums: The Chevy Chase Housing Market, By the Numbers
✉️ Want to forward this article? Click here.
![](https://assets.urbanturf.com/dc/images/blog/2022/04/057_3819_MORRISON_STREET_NW_367358_693820.jpeg)
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 regularly one of the more competitive DC neighborhood housing markets, and that remains the case this year, however a lack of homes for sale is dampening sales activity. Home sales are down 55% in the first two months of the year compared to the same period in 2021. As for supply, it stood at about three weeks in February. The homes that are hitting the market, however, are selling and selling at a hefty premium.
Below are some statistics that UrbanTurf compiled about the Chevy Chase market.
story continues below
loading...story continues above
- $1.278 million -- The median home sales price in 2022, up 3% compared to 2021.
- $1.569 million -- The average sales price on a detached home with 4+ bedrooms.
- -55% -- The drop in home sales in 2022 compared to 2021.
- 105.7% -- The average sales price to original list price ratio in the neighborhood in 2022, one of the highest ratios in DC.
- 1.25 -- The contract ratio in February, meaning that 1.25 homes went under contract in the month for every active listing.
- 66% -- The percentage of homes that sold within ten days of being listed in 2021.
Photo courtesy of Piers Freezer via Homevisit
Similar Posts:
See other articles related to: chevy chase dc, chevy chase dc home prices, chevy chase dc market
This article originally published at https://dc.urbanturf.com/articles/blog/low-supply-big-premiums-the-chevy-chase-housing-market/19479.
Most Popular... This Week • Last 30 Days • Ever
![First-Timer Primer: Tax Relief for DC Homeowners](https://assets.urbanturf.com/dc/images/blog/2013/02/Homestead_Exemption_280.jpg)
When you buy a home in the District, you will have to pay property taxes along with y... read »
![A 127-Unit Luxury Condo Building In The Works For Downtown DC](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/950%203rd%20Street%20Dusk%20EXT_image_560x420.jpg)
The largest condominium building in downtown DC in recent memory is currently under c... read »
![HPO Recommends Approval For 160-Unit Office-To-Residential Conversion in Dupont Circle](https://assets.urbanturf.com/dc/images/blog/2024/06/resized/1201-Conn_image_560x420.jpg)
The plan to convert a Dupont Circle office building into a residential development ap... read »
![Beautifully Constructed Condominium in The Bridge District is Now 50% Sold](https://assets.urbanturf.com/dc/images/blog/2024/07/Riviere%20article/resized/2305%20Nicholson%20St%20SE%20405-0003_image_560x420.jpg)
The Rivière includes just 20 homes located on the eastern banks of the Anacostia Riv... read »
![Monday's Must Reads](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/bubble_image_560x420.jpg)
Why Tyra Banks is serving ice cream in DC; a bike shop/record store opens in Adams Mo... read »
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro