CHEVY CHASE MD HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in March, with 21 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 from March 2024.

Versus last year, the total number of homes available this month is higher by 23 units or 31%. The total number of active inventory this March was 97 compared to 74 in March 2024. This month's total of 97 is lower than the previous month's total supply of available inventory of 101, a decrease of 4%.

Last March, the median sale price for Chevy Chase MD Homes was $790,000. This March, the median sale price was $834,000, an increase of 6% or $44,000 compared to last year. The current median sold price is 10% lower 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.

In March, there was 4.6 months of supply available in Chevy Chase MD, compared to 2.2 in March 2024. That is an increase of 106% 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 44 homes newly listed for sale in Chevy Chase MD compared to 60 in March 2024, a decrease of 27%. There were 36 current contracts pending sale this March compared to 35 a year ago. The number of current contracts is 3% higher than last March.

In March, the average sale price in Chevy Chase MD was 97.2% of the average list price, which is 2.6% lower than at this time last year.

This month, the average number of days on market was 45, higher than the average last year, which was 43, an increase of 5%.





FOCUS ON: CHEVY CHASE MD HOUSING MARKET			MARCH 2025

Zip Code(s): 20815
Units Sold 21	Active Inventory 97	Median Sale Price $834,000	Days On Market 45

Down Vs. Year Ago	Up 31% Vs. Year Ago	Up 6% Vs. Year Ago	Up 5% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in March, with 21 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 from March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 23 units or 31%. The total number of active inventory this March was 97 compared to 74 in March 2024. This month's total of 97 is lower than the previous month's total supply of available inventory of 101, a decrease of 4%.
		Median Sale Price Last March, the median sale price for Chevy Chase MD Homes was $790,000. This March, the median sale price was $834,000, an increase of 6% or $44,000 compared to last year. The current median sold price is 10% lower 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.



New Listings 44	Current Contracts 36	Sold Vs. List Price 97.2%	Months of Supply 4.6

Down -27% Vs. Year Ago	Up 3% Vs. Year Ago	Down -2.6% Vs. Year Ago	Up 106% Vs. Year Ago


		Months of Supply In March, there was 4.6 months of supply available in Chevy Chase MD, compared to 2.2 in March 2024. That is an increase of 106% 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 44 homes newly listed for sale in Chevy Chase MD compared to 60 in March 2024, a decrease of 27%. There were 36 current contracts pending sale this March compared to 35 a year ago. The number of current contracts is 3% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Chevy Chase MD was 97.2% of the average list price, which is 2.6% lower than at this time last year. Days on Market This month, the average number of days on market was 45, higher than the average last year, which was 43, an increase of 5%.


	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.