CHEVY CHASE DC HOUSING MARKET DATA

There was an increase in total units sold in May, with 22 sold this month in Chevy Chase DC Real Estate versus 17 last month, an increase of 29%. This month's total units sold was lower than at this time last year, a decrease of 15% versus May 2024.

Versus last year, the total number of homes available this month is higher by 20 units or 69%. The total number of active inventory this May was 49 compared to 29 in May 2024. This month's total of 49 is higher than the previous month's total supply of available inventory of 41, an increase of 20%.

Last May, the median sale price for Chevy Chase DC Homes was $1,473,750. This May, the median sale price was approximately the same at $1,360,000. The current median sold price is 8% lower than in May 2024.

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

In May, there was 2.2 months of supply available in Chevy Chase DC, compared to 1.1 in May 2024. That is an increase of 100% 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.

This month there were 37 homes newly listed for sale in Chevy Chase DC compared to 22 in May 2024, an increase of 68%. There were 21 current contracts pending sale this May, approximately the same as a year ago. The number of current contracts is also similar as compared to the previous month.

In May, the average sale price in Chevy Chase DC was 103.2% of the average list price, which is 1.2% lower than at this time last year.

This month, the average number of days on market was 10, which is similar compared to a year ago.





FOCUS ON: CHEVY CHASE DC HOUSING MARKET			MAY 2025

Zip Code(s): 20015
Units Sold 22	Active Inventory 49	Median Sale Price $1,360,000	Days On Market 10

Down -15% Vs. Year Ago	Up 69% Vs. Year Ago	Down -8% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 22 sold this month in Chevy Chase DC Real Estate versus 17 last month, an increase of 29%. This month's total units sold was lower than at this time last year, a decrease of 15% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 20 units or 69%. The total number of active inventory this May was 49 compared to 29 in May 2024. This month's total of 49 is higher than the previous month's total supply of available inventory of 41, an increase of 20%.
		Median Sale Price Last May, the median sale price for Chevy Chase DC Homes was $1,473,750. This May, the median sale price was approximately the same at $1,360,000. The current median sold price is 8% lower than in May 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 37	Current Contracts 21	Sold Vs. List Price 103.2%	Months of Supply 2.2

Up 68% Vs. Year Ago	No Change Vs. Year Ago	Down -1.1% Vs. Year Ago	Up 99% Vs. Year Ago


		Months of Supply In May, there was 2.2 months of supply available in Chevy Chase DC, compared to 1.1 in May 2024. That is an increase of 100% 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 37 homes newly listed for sale in Chevy Chase DC compared to 22 in May 2024, an increase of 68%. There were 21 current contracts pending sale this May, approximately the same as a year ago. The number of current contracts is also similar as compared to the previous month.
		Sale Price to List Price Ratio In May, the average sale price in Chevy Chase DC was 103.2% of the average list price, which is 1.2% lower than at this time last year. Days on Market This month, the average number of days on market was 10, which is similar compared to a year ago.


	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.