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Friday, November 15, 2024

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

Realestate1

The median sale price of a home sold in May 2019 in Chevy Chase in Montgomery County fell by $180,000 while total sales increased by 39.1%, according to BlockShopper.com.

In May 2019, there were 32 homes sold, with a median sale price of $1,170,000 - a 13.3% decrease over the $1,350,000 median sale price for the same period of the previous year. There were 23 homes sold in Chevy Chase in May 2018.

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 May 2019.

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

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Chevy Chase322339.1%$1,170,000$1,350,000-13.3%
Cabin John21100%$1,100,000$1,204,000-8.6%
Travilah12850%$1,091,500$1,275,750-14.4%
Bethesda93885.7%$1,045,000$1,085,000-3.7%
Potomac6170-12.9%$885,000$913,500-3.1%
South Kensington231735.3%$837,500$807,0003.8%
North Potomac16160%$741,000$683,5008.4%
Garrett Park4333.3%$735,500$627,00017.3%
North Bethesda393318.2%$710,000$740,000-4.1%
Darnestown712-41.7%$664,900$880,000-24.4%
Laytonsville410-60%$646,200$632,0922.2%
* This story only considers sales data for the part of Chevy Chase that is in Montgomery County.

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