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Maryland State Wire

Sunday, May 5, 2024

Chevy Chase (Montgomery County) home prices rise in 2017

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The median sale price of a home sold in 2017 in Chevy Chase in Montgomery County rose by $88,450 while total sales increased by 15.3%, according to BlockShopper.com.

From January through December of 2017, there were 218 homes sold, with a median sale price of $1,152,450 - a 8.3% increase over the $1,064,000 median sale price for the previous year. There were 189 homes sold in Chevy Chase in 2016.

The median sales tax in Chevy Chase for the most recent year with available data, 2016, was $11,021, approximately 1% of the median home sale price for 2017.

The following table compares Chevy Chase to other Montgomery County cities with similar median sales prices in 2017:

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Chevy Chase21818915.3%$1,152,450$1,064,0008.3%
Travilah14210831.5%$1,047,500$1,000,0004.8%
Bethesda92477119.8%$950,000$955,000-0.5%
Potomac514530-3%$900,000$870,0003.4%
Cabin John222010%$835,000$826,5001%
Darnestown72677.5%$742,500$700,0006.1%
South Kensington1451357.4%$730,000$729,0000.1%
Rossmoor39-66.7%$715,000$625,00014.4%
North Bethesda2812771.4%$695,000$693,0000.3%
North Potomac1771694.7%$690,000$675,0002.2%
Garrett Park302425%$650,000$614,2655.8%
* This story only considers sales data for the part of Chevy Chase that is in Montgomery County.

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