The Long & Foster Market Minute

Focus On: Chevy Chase DC Housing Market September 2021

Zip Code(s): 20015
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -30%
Vs. Year Ago
Down -12%
Vs. Year Ago
No Change
Vs. Year Ago
Down -24%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 14 sold this month in Chevy Chase DC Real Estate versus 20 last month, a decrease of 30%. This month's total units sold was lower than at this time last year, a decrease of 30% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 3 units or 12%. The total number of active inventory this September was 22 compared to 25 in September 2020. This month's total of 22 is higher than the previous month's total supply of available inventory of 19, an increase of 16%.

Median Sale Price
Last September, the median sale price for Chevy Chase DC Homes was $1,110,250. This September, the median sale price was $1,112,500, which is similar compared to a year ago. The current median sold price is 12% higher than in August.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -4%
Vs. Year Ago
Down -13%
Vs. Year Ago
Up 2.7%
Vs. Year Ago
Up 26%
Vs. Year Ago

Months of Supply
In September, there was 1.6 months of supply available in Chevy Chase DC, compared to 1.3 in September 2020. That is an increase of 26% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 27 homes newly listed for sale in Chevy Chase DC compared to 28 in September 2020, a decrease of 4%. There were 21 current contracts pending sale this September compared to 24 a year ago. The number of current contracts is 13% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Chevy Chase DC was 107.4% of the average list price, which is 2.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 13, lower than the average last year, which was 17, a decrease of 24%.

The Long & Foster Market Minute Chevy Chase DC is defined as properties in zip code 20015.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.