The Long & Foster Market Minute


Zip Code(s): 20815
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -13%
Vs. Year Ago
Down -6%
Vs. Year Ago
Vs. Year Ago
Vs. Year Ago

Units Sold
The number of units sold remained stable in April, with 33 sold this month in Chevy Chase MD Real Estate. This month's total units sold was lower than at this time last year, a decrease of 15% versus April 2023.

Active Inventory
Versus last year, the total number of homes available this month is lower by 4 units or 6%. The total number of active inventory this April was 61 compared to 65 in April 2023. This month's total of 61 is lower than the previous month's total supply of available inventory of 69, a decrease of 12%.

Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last April, the median sale price for Chevy Chase MD Homes was $1,274,950. This April, the median sale price was $1,250,000, a decrease of $24,950 compared to last year. The current median sold price is higher than in March.

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
Up 15%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 1.3%
Vs. Year Ago
Up 8%
Vs. Year Ago

Months of Supply
In April, there was 1.8 months of supply available in Chevy Chase MD, compared to 1.7 in April 2023. That is an increase of 8% 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 38 homes newly listed for sale in Chevy Chase MD compared to 33 in April 2023, an increase of 15%. There were 35 current contracts pending sale this April compared to 33 a year ago. The number of current contracts is 6% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Chevy Chase MD was 105.7% of the average list price, which is 1.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 29, higher than the average last year, which was 19. This increase was impacted by the limited number of sales.

The Long & Foster Market Minute 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.
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.