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| MARCH 2025 | |||
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| Zip Code(s): 20015 | |||
| Units Sold 9 |
Active Inventory 29 |
Median Sale Price $1,750,000 |
Days On Market 29 |
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| Down -25% Vs. Year Ago |
Up 4% Vs. Year Ago |
Up Vs. Year Ago |
Down -26% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in March, with 9 sold this month in Chevy Chase DC Real Estate versus 12 last month, a decrease of 25%. This month's total units sold was lower than at this time last year, a decrease of 25% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 1 units or 4%. The total number of active inventory this March was 29 compared to 28 in March 2024. This month's total of 29 is higher than the previous month's total supply of available inventory of 27, an increase of 7%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Chevy Chase DC Homes was $1,669,250. This March, the median sale price was $1,750,000, an increase of $80,750 compared to last year. The current median sold price is higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 20 |
Current Contracts 14 |
Sold Vs. List Price 99.7% |
Months of Supply 3.2 |
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| Down -17% Vs. Year Ago |
Down -18% Vs. Year Ago |
Down -2.9% Vs. Year Ago |
Up 38% Vs. Year Ago |
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Months of Supply
In March, there was 3.2 months of supply available in Chevy Chase DC, compared to 2.3 in March 2024. That is an increase of 38% 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. |
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New Listings & Current Contracts
This month there were 20 homes newly listed for sale in Chevy Chase DC compared to 24 in March 2024, a decrease of 17%. There were 14 current contracts pending sale this March compared to 17 a year ago. The number of current contracts is 18% lower than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Chevy Chase DC was 99.7% of the average list price, which is 3.0% lower than at this time last year. Days on Market
This month, the average number of days on market was 29, lower than the average last year, which was 39, a decrease of 26%. | |||
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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. | |||
 Information 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. |
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