CHEVY CHASE MD HOUSING MARKET DATA

There was a decrease in total units sold in May, with 36 sold this month in Chevy Chase MD Real Estate versus 43 last month, a decrease of 16%. This month's total units sold was higher than at this time last year, an increase of 6% versus May 2024.

Versus last year, the total number of homes available this month is higher by 45 units or 45%. The total number of active inventory this May was 144 compared to 99 in May 2024. This month's total of 144 is lower than the previous month's total supply of available inventory of 149, a decrease of 3%.

Last May, the median sale price for Chevy Chase MD Homes was $1,278,000. This May, the median sale price was $1,472,000, an increase of 15% or $194,000 compared to last year. The current median sold price is 6% higher than in April.

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 4.0 months of supply available in Chevy Chase MD, compared to 2.9 in May 2024. That is an increase of 37% 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 64 homes newly listed for sale in Chevy Chase MD compared to 63 in May 2024, an increase of 2%. There were 48 current contracts pending sale this May compared to 33 a year ago. The number of current contracts is 45% higher than last May.

In May, the average sale price in Chevy Chase MD was 101.9% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 32, higher than the average last year, which was 23, an increase of 39%.





FOCUS ON: CHEVY CHASE MD HOUSING MARKET			MAY 2025

Zip Code(s): 20815
Units Sold 36	Active Inventory 144	Median Sale Price $1,472,000	Days On Market 32

Up 6% Vs. Year Ago	Up 45% Vs. Year Ago	Up 15% Vs. Year Ago	Up 39% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 36 sold this month in Chevy Chase MD Real Estate versus 43 last month, a decrease of 16%. This month's total units sold was higher than at this time last year, an increase of 6% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 45 units or 45%. The total number of active inventory this May was 144 compared to 99 in May 2024. This month's total of 144 is lower than the previous month's total supply of available inventory of 149, a decrease of 3%.
		Median Sale Price Last May, the median sale price for Chevy Chase MD Homes was $1,278,000. This May, the median sale price was $1,472,000, an increase of 15% or $194,000 compared to last year. The current median sold price is 6% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 64	Current Contracts 48	Sold Vs. List Price 101.9%	Months of Supply 4.0

Up 2% Vs. Year Ago	Up 45% Vs. Year Ago	No Change Vs. Year Ago	Up 37% Vs. Year Ago


		Months of Supply In May, there was 4.0 months of supply available in Chevy Chase MD, compared to 2.9 in May 2024. That is an increase of 37% 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 64 homes newly listed for sale in Chevy Chase MD compared to 63 in May 2024, an increase of 2%. There were 48 current contracts pending sale this May compared to 33 a year ago. The number of current contracts is 45% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Chevy Chase MD was 101.9% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 32, higher than the average last year, which was 23, an increase of 39%.


	Chevy Chase MD are defined as properties listed in zip code/s 20815.
	*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.