The The Village of Chevy Chase Section Three housing market is very competitive. The median sale price of a home in The Village of Chevy Chase Section Three was $1.8M last month, down 9.88% since last year. The median sale price per square foot in The Village of Chevy Chase Section Three is $570, down 18.1% since last year.
The Village of Chevy Chase Section Three Housing Market Trends
What is the housing market like in The Village of Chevy Chase Section Three today?
In March 2024, The Village of Chevy Chase Section Three home prices were down 9.88% compared to last year, selling for a median price of $1.8M. On average, homes in The Village of Chevy Chase Section Three sell after 3 days on the market compared to 30 days last year. There were 1 homes sold in March this year, down from 2 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,790,000
-9.88% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
The Village of Chevy Chase Section Three, MD
$1,790,000
-9.88%
United States
To compare other locations to the The Village of Chevy Chase Section Three and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Martin's Additions add value to a home.
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How hot is the The Village of Chevy Chase Section Three housing market?
The Village of Chevy Chase Section Three is very competitive. Homes sell in 6 days.
0
100
78
Very 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 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 4% above list price and go pending in around 6 days.
Hot homes
can sell for about 6% above list price and go pending in around 4 days.
Schools in The Village of Chevy Chase Section Three
Learn about schools in the The Village of Chevy Chase Section Three area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
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 The Village of Chevy Chase Section Three housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in The Village of Chevy Chase Section Three.
Risk Factor
Flood Factor - Minor
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
The Village of Chevy Chase Section Three has a minor risk of flooding. 18 properties in The Village of Chevy Chase Section Three are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in The Village of Chevy Chase Section Three. Flood risk is increasing slower than the national average.
2% of properties are at risk of wildfire over the next 30 years
Fire Factor
The Village of Chevy Chase Section Three has a minor risk of wildfire. There are 9 properties in The Village of Chevy Chase Section Three that have some risk of being affected by wildfire over the next 30 years. This represents 2% of all properties in The Village of Chevy Chase Section Three.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
The Village of Chevy Chase Section Three has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. The Village of Chevy Chase Section Three is most at risk from hurricanes. 309 properties in The Village of Chevy Chase Section Three 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 61 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 76 mph.
100% of properties are at major
risk of heat over the next 30 years
Heat Factor
The Village of Chevy Chase Section Three has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in The Village of Chevy Chase Section Three have a Major Heat Factor®.
The Village of Chevy Chase Section Three is expected to see a 128% increase in the number of days over 105ºF over the next 30 years. The Village of Chevy Chase Section Three is expected to experience 8