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| JANUARY 2025 | |||
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| Zip Code(s): 20815 | |||
| Units Sold 20 |
Active Inventory 69 |
Median Sale Price $812,500 |
Days On Market 41 |
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| Up Vs. Year Ago |
Up 6% Vs. Year Ago |
Down Vs. Year Ago |
Up 14% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was a decrease in total units sold in January, with 20 sold this month in Chevy Chase MD Real Estate. This month's total units sold was higher than at this time last year, an increase from January 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 4 units or 6%. The total number of active inventory this January was 69 compared to 65 in January 2024. This month's total of 69 is higher than the previous month's total supply of available inventory of 55, an increase of 25%. |
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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 January, the median sale price for Chevy Chase MD Homes was $1,265,000. This January, the median sale price was $812,500, a decrease of $452,500 compared to last year. The current median sold price is lower than in December. 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 37 |
Current Contracts 16 |
Sold Vs. List Price 98.6% |
Months of Supply 3.5 |
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| Up 16% Vs. Year Ago |
Down -27% Vs. Year Ago |
Up 1.1% Vs. Year Ago |
Down -20% Vs. Year Ago |
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Months of Supply
In January, there was 3.5 months of supply available in Chevy Chase MD, compared to 4.3 in January 2024. That is a decrease of 20% 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. |
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New Listings & Current Contracts
This month there were 37 homes newly listed for sale in Chevy Chase MD compared to 32 in January 2024, an increase of 16%. There were 16 current contracts pending sale this January compared to 22 a year ago. The number of current contracts is 27% lower than last January. |
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Sale Price to List Price Ratio
In January, the average sale price in Chevy Chase MD was 98.6% of the average list price, which is 1.1% higher than at this time last year. Days on Market
This month, the average number of days on market was 41, higher than the average last year, which was 36, an increase of 14%. | |||
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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. |
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