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Friday, November 15, 2024

Chevy Chase (Montgomery County) home prices fall in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Chevy Chase in Montgomery County fell by $50,000 while total sales increased by 17.9%, according to BlockShopper.com.

From January through June of 2019, there were 112 homes sold, with a median sale price of $1,150,000 - a 4.2% decrease over the $1,200,000 median sale price for the same period of the previous year. There were 95 homes sold in Chevy Chase in the first half of 2018.

The median sales tax in Chevy Chase for the most recent year with available data, 2016, was $11,021, approximately 1% of the median home sale price for the first half of 2019.

The following table compares Chevy Chase to other Montgomery County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Travilah5462-12.9%$1,252,500$992,50026.2%
Chevy Chase1129517.9%$1,150,000$1,200,000-4.2%
Bethesda385440-12.5%$995,000$998,000-0.3%
Cabin John917-47.1%$944,657$945,000-0%
Potomac289291-0.7%$895,000$895,0000%
South Kensington8386-3.5%$795,000$753,7505.5%
North Bethesda1511472.7%$731,900$699,0004.7%
North Potomac7284-14.3%$729,500$690,0005.7%
Rossmoor330%$727,335$680,0007%
Darnestown3746-19.6%$725,000$774,000-6.3%
Brinklow24-50%$674,500$480,43540.4%
* This story only considers sales data for the part of Chevy Chase that is in Montgomery County.

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