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

Tue Apr 15 2025
This week the median list price for Chevy Chase, MD is $2,300,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has increased to 33. 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.

Slight Seller's Advantage

Market Narrative

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Chevy Chase, MD

Tue Apr 15 2025
This week the median list price for Chevy Chase, MD is $2,300,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has increased to 33. 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.

Slight Seller's Advantage

Market Narrative

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Chevy Chase market.
Median List Price $2,300,000
Median Price of New Listings $2,295,000
Per Square Foot $527
Average Days on Market 100
Median Days on Market 35
Price Decreased 48%
Price Increased 3%
Relisted 12%
Inventory 33
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$4,122,500 5,896 0.25 - 0.5 acre 6 5.5 12 0 0 227
$2,872,050 5,489 6,500 - 8,000 sqft 6 5.5 21 1 2 49
$2,139,500 4,385 6,500 - 8,000 sqft 5 4.5 38 1 0 35
$1,495,000 2,800 6,500 - 8,000 sqft 4 3 74 1 4 21