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Tuesday, November 26, 2024

The fourth quarter of 2021: Home prices in Chevy Chase (Montgomery County) increased

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The median sale price of a home sold in the fourth quarter of 2021 in Chevy Chase in Montgomery County rose by $47,500 while total sales increased by 34.6%, according to BlockShopper.com.

From October through December of 2021, there were 70 homes sold, with a median sale price of $1,407,500 - a 3.5% increase over the $1,360,000 median sale price for the same period of the previous year. There were 52 homes sold in Chevy Chase in the fourth quarter of 2020.

The median sales tax in Chevy Chase for the most recent year with available data, 2020, was $11,363, approximately 0.8% of the median home sale price for the fourth quarter of 2021.

The following table compares Chevy Chase to other Montgomery County cities with similar median sale prices in the fourth quarter of 2021:

CityOct. - Dec. 2021 Home SalesOct. - Dec. 2020 Home Sales% change (Total Home Sales)Oct. - Dec. 2021 Median Sales PriceOct. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Chevy Chase705234.6%$1,407,500$1,360,0003.5%
Travilah484020%$1,372,500$1,355,0001.3%
Bethesda3343117.4%$1,092,500$1,072,0001.9%
Potomac181212-14.6%$951,000$957,500-0.7%
South Kensington514513.3%$885,000$800,00010.6%
North Potomac4955-10.9%$850,000$715,00018.9%
Darnestown2425-4%$825,000$850,000-2.9%
Boyds61500%$782,603.50$275,000184.6%
Brookeville510-50%$770,000$678,45013.5%
Garrett Park911-18.2%$750,000$715,0004.9%
Laytonsville141127.3%$737,500$765,000-3.6%
* This story only considers sales data for the part of Chevy Chase that is in Montgomery County.

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