The Chevy Chase DC Market, By the Numbers
✉️ Want to forward this article? Click here.
With the spring housing market underway, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today, we head over to Chevy Chase DC.
Chevy Chase is perennially one of the more competitive DC neighborhood housing markets where high prices, high demand and low supply are constant themes. While UrbanTurf has anecdotally heard that many of these things represented the 2020 market pre-COVID, homes sales have already dropped off compared to last year. It will be interesting to see how the virus affects things in the coming months.
Below are some statistics that UrbanTurf compiled about the Chevy Chase market.
story continues below
loading...story continues above
- $1.045 million -- The average home sales price in Chevy Chase DC in 2020, down slightly from 2019.
- 30 -- The number of homes sold so far in 2020, down 19% compared to last year.
- 3 weeks -- The supply of homes on the market in March.
- 1.73 -- The contract ratio in March, meaning that almost two homes went under contract in the month for every active listing.
- 53% -- The percentage of homes that sold within ten days of being listed in 2020.
Similar Posts:
- The Capitol Hill Housing Market, By the Numbers
- Still One of DC's Priciest: The Georgetown Market, By the Numbers
See other articles related to: chevy chase dc, chevy chase dc home prices, chevy chase dc housing market
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/the-chevy-chase-market-by-the-numbers/16764.
Most Popular... This Week • Last 30 Days • Ever
Plans to convert a downtown DC office building into a large apartment project continu... read »
Another missing middle development has been proposed along Brookland's main throughfa... read »
Maybe it was falling interest rates or perhaps more homes hitting the market, but buy... read »
Kite House at The Parks at Walter Reed sold seven residences in September alone. The ... read »
A look at the many reasons that prospective homebuyers seeing varying quotes for a 30... read »
- 400-Unit Office-To-Residential Conversion Pitched in DC's West End Heads To BZA
- From One Home to 9 Apartments Along Brookland's Main Drag
- September Surge? Home Sales Pick Up In DC Area, But It May Not Last
- A No Down Payment Assistance Program at Kite House, DC’s Best Selling Condominium
- Why Am I Seeing Different Rates For A 30-Year Mortgage?
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro