HOMESbyRP of eXp Realty / Richard Pearrell

Chevy Chase, MD

Single-Family Homes

https://HOMESbyRP.com GRI, Associate Broker DC, MD, VA & REALTOR® in FL at eXp Realty, LLC / (301) 991-7061 /



Chevy Chase, MD

Mon Jun 17 2024
This week the median list price for Chevy Chase, MD is $2,400,000 with the market action index hovering around 53. This is less than last month's market action index of 56. Inventory has increased to 27. Click here to stay informed with the Chevy Chase market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Chevy Chase, MD

Mon Jun 17 2024
This week the median list price for Chevy Chase, MD is $2,400,000 with the market action index hovering around 53. This is less than last month's market action index of 56. Inventory has increased to 27. Click here to stay informed with the Chevy Chase market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Chevy Chase market.
Median List Price $2,400,000
Median Price of New Listings $3,349,000
Per Square Foot $580
Average Days on Market 51
Median Days on Market 21
Price Decreased 22%
Price Increased 4%
Relisted 11%
Inventory 27
Median Rent
Market Action 53
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,345,000 5,876 0.25 - 0.5 acre 5 6 1 1 1 70
$3,250,000 6,000 0.25 - 0.5 acre 6 5.5 1 2 1 7
$1,875,000 3,514 8,000 - 10,000 sqft 5 3.5 69 0 2 21
$799,000 1,926 6,500 - 8,000 sqft 4 2 73 0 1 42