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Friday, November 15, 2024

Chevy Chase (Montgomery County) home prices fall in June 2019

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The median sale price of a home sold in June 2019 in Chevy Chase in Montgomery County fell by $210,000 while total sales increased by 30.4%, according to BlockShopper.com.

In June 2019, there were 30 homes sold, with a median sale price of $1,090,000 - a 16.2% decrease over the $1,300,000 median sale price for the same period of the previous year. There were 23 homes sold in Chevy Chase in June 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 June 2019.

The following table compares Chevy Chase to other Montgomery County cities with similar median sales prices in June 2019:

CityJune 2019 Home SalesJune 2018 Home Sales% change (Total Home Sales)June 2019 Median Sales PriceJune 2018 Median Sales Price% change (Median Sales Price)
Cabin John34-25%$1,490,000$1,081,00037.8%
Travilah1316-18.8%$1,358,000$1,017,50033.5%
Chevy Chase302330.4%$1,090,000$1,300,000-16.2%
Bethesda90116-22.4%$1,035,000$982,0005.4%
Potomac73730%$995,000$892,00011.5%
Darnestown9650%$841,000$771,5009%
North Bethesda332065%$785,000$704,50011.4%
South Kensington1627-40.7%$777,750$891,000-12.7%
Brinklow110%$749,000$650,00015.2%
North Potomac2027-25.9%$730,000$700,0004.3%
Rossmoor110%$727,335$715,0001.7%
* This story only considers sales data for the part of Chevy Chase that is in Montgomery County.

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