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Monday, November 25, 2024

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

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The median sale price of a home sold in September 2018 in Chevy Chase in Montgomery County fell by $327,500 while total sales decreased by 13.6%, according to BlockShopper.com.

In September 2018, there were 19 homes sold, with a median sale price of $995,000 - a 24.8% decrease over the $1,322,500 median sale price for the same period of the previous year. There were 22 homes sold in Chevy Chase in September 2017.

The median sales tax in Chevy Chase for the most recent year with available data, 2016, was $11,021, approximately 1.1% of the median home sale price for September 2018.

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

CitySept. 2018 Home SalesSept. 2017 Home Sales% change (Total Home Sales)Sept. 2018 Median Sales PriceSept. 2017 Median Sales Price% change (Median Sales Price)
Travilah820-60%$1,012,500$996,0001.7%
Bethesda73103-29.1%$995,000$975,0002.1%
Chevy Chase1922-13.6%$995,000$1,322,500-24.8%
Potomac4768-30.9%$975,000$889,7599.6%
Cabin John24-50%$934,750$1,297,500-28%
North Bethesda2930-3.3%$760,000$663,75014.5%
South Kensington141127.3%$753,500$650,00015.9%
Ashton-Sandy Spring134225%$701,001$572,50022.4%
Garrett Park31200%$656,000$681,000-3.7%
Darnestown8714.3%$653,500$785,000-16.8%
North Potomac17170%$645,000$639,9000.8%
* This story only considers sales data for the part of Chevy Chase that is in Montgomery County.

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