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Thursday, November 28, 2024

How did home prices perform in Chevy Chase (Montgomery County) during March 2021?

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The median sale price of a home sold in March 2021 in Chevy Chase in Montgomery County fell by $42,500 while total sales decreased by 14.3%, according to BlockShopper.com.

In March 2021, there were 12 homes sold, with a median sale price of $1,081,250 - a 3.8% decrease over the $1,123,750 median sale price for the same period of the previous year. There were 14 homes sold in Chevy Chase in March 2020.

The median sales tax in Chevy Chase for the most recent year with available data, 2020, was $11,363, approximately 1.1% of the median home sale price for March 2021.

The following table compares Chevy Chase to other Montgomery County cities with similar median sale prices in March 2021:

CityMar. 2021 Home SalesMar. 2020 Home Sales% change (Total Home Sales)Mar. 2021 Median Sales PriceMar. 2020 Median Sales Price% change (Median Sales Price)
Travilah510-50%$1,325,000$848,00056.3%
Potomac464015%$1,212,500$928,50030.6%
Chevy Chase1214-14.3%$1,081,250$1,123,750-3.8%
Darnestown310-70%$995,000$745,00033.6%
Bethesda5162-17.7%$960,000$962,500-0.3%
Cabin John10-$925,000$0-
Brookeville13-66.7%$839,000$750,00011.9%
Laytonsville12-50%$816,000$655,50024.5%
Ashton-Sandy Spring41300%$782,500$466,50067.7%
South Kensington513-61.5%$775,000$716,0008.2%
North Potomac9728.6%$760,000$685,00010.9%
* This story only considers sales data for the part of Chevy Chase that is in Montgomery County.

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