Sales On the Rise in Chevy Chase Real Estate Market

The Chevy Chase market closed in on its 12-month sales average this week as sales rose 23.1% to reach 16 homes sold over the last 30 days. Within the same time frame, the Catholic University-Brookland neighborhood had 55 sales, the most of all neighborhoods in the area. Potential buyers should note that prices are coming down in Chevy Chase, and for this period the median sales price slid from $1,140,000 to $1,105,000. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Chevy Chase is a strong seller's market.

Want a more traditional home in Chevy Chase? Then start your search with these listings that were built before most others in the market:

$1.9M   $959K   $4.5M  

Get started right now by checking out Chevy Chase homes for sale or reviewing Chevy Chase real estate trends.

Demographic facts for Chevy Chase:

  • Over the past 10 years, the population has decreased 3.5%.
  • The area's safety rating is 41. (Scale: 1 = Worst, 100 = Best)
  • People in this area have an average commute to work of 32 minutes.

Data reported through 10/12/2016

Comments:

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Keller Williams Capital Properties
47 reviews
Snapped 1 home in this area
Long & Foster Real Estate, Inc.
Snapped 27 homes in this area

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