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Monday, November 25, 2024

Chevy Chase (Montgomery County) home prices fall in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Chevy Chase in Montgomery County fell by $35,000 while total sales increased by 17.5%, according to BlockShopper.com.

From July through September of 2018, there were 74 homes sold, with a median sale price of $1,170,000 - a 2.9% decrease over the $1,205,000 median sale price for the same period of the previous year. There were 63 homes sold in Chevy Chase in the third quarter of 2017.

The median sales tax in Chevy Chase for the most recent year with available data, 2016, was $11,021, approximately 0.9% of the median home sale price for the third quarter of 2018.

The following table compares Chevy Chase to other Montgomery County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Chevy Chase746317.5%$1,170,000$1,205,000-2.9%
Cabin John8633.3%$1,145,000$1,297,500-11.8%
Travilah45442.3%$1,100,000$1,099,4500.1%
Bethesda252260-3.1%$1,027,000$975,7505.3%
Potomac18515519.4%$935,000$910,0002.7%
South Kensington474114.6%$759,990$665,00014.3%
Brookeville58-37.5%$759,000$740,0002.6%
North Bethesda1008222%$737,500$728,0001.3%
Garrett Park9812.5%$725,000$630,00015.1%
North Potomac634153.7%$683,750$639,9006.9%
Ashton-Sandy Spring341888.9%$675,950$592,50014.1%
* This story only considers sales data for the part of Chevy Chase that is in Montgomery County.

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