The Chevy Chase housing market is somewhat competitive. Homes in Chevy Chase receive 3 offers on average and sell in around 57 days. The median sale price of a home in Chevy Chase was $1.1M last month, down 31.2% since last year. The median sale price per square foot in Chevy Chase is $439, down 19.0% since last year.
What is the housing market like in Chevy Chase today?
In March 2024, Chevy Chase home prices were down 31.2% compared to last year, selling for a median price of $1.1M. On average, homes in Chevy Chase sell after 57 days on the market compared to 76 days last year. There were 21 homes sold in March this year, up from 9 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,118,000
-31.2% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Chevy Chase, MD
$1,118,000
-31.2%
United States
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How hot is the Chevy Chase housing market?
Chevy Chase is somewhat competitive. Homes sell in 50 days.
0
100
56
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 50 days.
Hot homes
can sell for about 2% above list price and go pending in around 15 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Chevy Chase
Explore recent offers and recently sold homes in Chevy Chase
Recent offers
View houses in Chevy Chase that sold recently
Recently sold homes
SOLD APR 26, 2024
$200,000 Last Sold Price
0 beds
1 bath
495 sq ft
5500 Friendship Blvd Unit 1901N, Chevy Chase, MD 20815
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Chevy Chase housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Chevy Chase.
Risk Factor
Flood Factor - Moderate
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Chevy Chase has a moderate risk of flooding. 321 properties in Chevy Chase are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Chevy Chase. Flood risk is increasing slower than the national average.
20% of properties are at risk of wildfire over the next 30 years
Fire Factor
Chevy Chase has a moderate risk of wildfire. There are 659 properties in Chevy Chase that have some risk of being affected by wildfire over the next 30 years. This represents 20% of all properties in Chevy Chase.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Chevy Chase has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Chevy Chase is most at risk from hurricanes. 3,198 properties in Chevy Chase have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 63 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 77 mph.