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Montgomery News

Tuesday, November 26, 2024

December 2021: Home prices in Chevy Chase (Montgomery County) increased

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The median sale price of a home sold in December 2021 in Chevy Chase in Montgomery County rose by $427,500 while total sales increased by 200%, according to BlockShopper.com.

In December 2021, there were 24 homes sold, with a median sale price of $1,562,500 - a 37.7% increase over the $1,135,000 median sale price for the same period of the previous year. There were eight homes sold in Chevy Chase in December 2020.

The median sales tax in Chevy Chase for the most recent year with available data, 2020, was $11,363, approximately 0.7% of the median home sale price for December 2021.

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

CityDec. 2021 Home SalesDec. 2020 Home Sales% change (Total Home Sales)Dec. 2021 Median Sales PriceDec. 2020 Median Sales Price% change (Median Sales Price)
Chevy Chase248200%$1,562,500$1,135,00037.7%
Travilah917-47.1%$1,314,500$1,500,000-12.4%
Bethesda92103-10.7%$1,159,000$1,065,0008.8%
Cabin John110%$1,100,000$922,00019.3%
Potomac4171-42.3%$1,000,150$1,035,000-3.4%
Darnestown67-14.3%$915,000$1,000,000-8.5%
North Potomac12120%$780,250$687,50013.5%
Laytonsville550%$780,000$815,000-4.3%
Garrett Park30-$750,000$0-
Takoma Park13862.5%$714,000$632,50012.9%
Brookeville21100%$712,500$415,46171.5%
* This story only considers sales data for the part of Chevy Chase that is in Montgomery County.

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