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Montgomery News

Tuesday, December 24, 2024

Chevy Chase (Montgomery County) home prices fall in December 2018

Realestate2

The median sale price of a home sold in December 2018 in Chevy Chase in Montgomery County fell by $266,250 while total sales decreased by 47.6%, according to BlockShopper.com.

In December 2018, there were 11 homes sold, with a median sale price of $1,050,000 - a 20.2% decrease over the $1,316,250 median sale price for the same period of the previous year. There were 21 homes sold in Chevy Chase in December 2017.

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 December 2018.

The following table compares Chevy Chase to other Montgomery County cities with similar median sales prices in December 2018:

CityDec. 2018 Home SalesDec. 2017 Home Sales% change (Total Home Sales)Dec. 2018 Median Sales PriceDec. 2017 Median Sales Price% change (Median Sales Price)
Brookeville10-$1,230,000$0-
Travilah67-14.3%$1,226,250$1,215,0000.9%
Chevy Chase1121-47.6%$1,050,000$1,316,250-20.2%
Potomac423423.5%$1,047,500$911,25015%
Bethesda665324.5%$952,500$1,049,000-9.2%
Dickerson220%$808,315.50$630,00028.3%
Darnestown62200%$799,750$900,000-11.1%
North Bethesda1518-16.7%$733,000$661,50010.8%
Laytonsville23-33.3%$716,500$720,000-0.5%
South Kensington131030%$700,000$612,55014.3%
North Potomac121020%$692,500$615,00012.6%
* This story only considers sales data for the part of Chevy Chase that is in Montgomery County.

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