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| JULY 2024 | |||
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| Zip Code(s): 20015 | |||
| Units Sold 16 |
Active Inventory 25 |
Median Sale Price $1,750,000 |
Days On Market 23 |
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| Down Vs. Year Ago |
No Change Vs. Year Ago |
Up Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
With relatively few transactions, there was a decrease in total units sold in July, with 16 sold this month in Chevy Chase DC Real Estate. This month's total units sold was lower than at this time last year, a decrease from July 2023. |
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Active Inventory
The total number of homes available this month is 25 units, which is similar compared to a year ago. This month's total of 25 is higher than the previous month's total supply of available inventory of 24, an increase of 4%. |
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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 July, the median sale price for Chevy Chase DC Homes was $1,245,000. This July, the median sale price was $1,750,000, an increase of $505,000 compared to last year. The current median sold price is higher than in June. 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 13 |
Current Contracts 9 |
Sold Vs. List Price 97.2% |
Months of Supply 1.6 |
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| No Change Vs. Year Ago |
Down -18% Vs. Year Ago |
Down Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In July, there was 1.6 months of supply available in Chevy Chase DC. The amount of supply is similar compared to 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 13 homes newly listed for sale in Chevy Chase DC, which is similar to the amount in July 2023. There were 9 current contracts pending sale this July compared to 11 a year ago. The number of current contracts is 18% lower than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in Chevy Chase DC was 97.2% of the average list price, which is lower than at this time last year. Days on Market
This month, the average number of days on market was 23, higher than the average last year, which was 13. This increase was impacted by the limited number of sales. | |||
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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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