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Maryland State Wire

Friday, November 8, 2024

Chevy Chase (Montgomery County) home prices fall in March 2018

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The median sale price of a home sold in March 2018 in Chevy Chase in Montgomery County fell by $319,950 while total sales increased by 33.3%, according to BlockShopper.com.

In March 2018, there were 16 homes sold, with a median sale price of $900,000 - a 26.2% decrease over the $1,219,950 median sale price for the same period of the previous year. There were 12 homes sold in Chevy Chase in March 2017.

The median sales tax in Chevy Chase for the most recent year with available data, 2016, was $11,021, approximately 1.2% of the median home sale price for March 2018.

The following table compares Chevy Chase to other Montgomery County cities with similar median sales prices in March 2018:

CityMar. 2018 Home SalesMar. 2017 Home Sales% change (Total Home Sales)Mar. 2018 Median Sales PriceMar. 2017 Median Sales Price% change (Median Sales Price)
Travilah12120%$1,150,000$825,00039.4%
Brookeville14-75%$1,090,000$558,50095.2%
Bethesda4968-27.9%$925,000$975,000-5.1%
Potomac322910.3%$922,000$855,0007.8%
Chevy Chase161233.3%$900,000$1,219,950-26.2%
Cabin John21100%$793,500$785,0001.1%
Garrett Park24-50%$727,500$695,8004.6%
Rossmoor10-$680,000$0-
North Bethesda161414.3%$650,000$755,000-13.9%
South Kensington1014-28.6%$610,000$712,500-14.4%
North Potomac1011-9.1%$607,450$705,000-13.8%
* This story only considers sales data for the part of Chevy Chase that is in Montgomery County.

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