Search homes for sale in Chevy Chase, MD, known for its popular attractions, including Audubon Naturalist Society Woodend Sanctuary
The Chevy Chase housing market is highly competitive, with strong demand driving up home values. Last month, the median sale price reached $1.8M, marking a 24.8% increase compared to the same period last year. Meanwhile, the median price per square foot declined by 9.62% to $498, suggesting that while overall prices have surged, buyers may be prioritizing larger properties or better overall value.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
In May 2025, Chevy Chase experienced a sharp 24.8% year-over-year increase in home prices, with the median sale price rising to $1.8M—a reflection of strong demand in the upper-tier market. However, the pace of sales has slowed significantly, with homes now averaging 48 days on the market compared to just 12 days a year ago. This increase in days on market may suggest a more deliberate buying process at higher price points or a mismatch between buyer expectations and current pricing. Additionally, only 9 homes were sold in May, down from 12 the previous year, indicating limited inventory or a cooling in transaction volume. Overall, while pricing power remains strong, the slower sales cycle hints at shifting market dynamics that both buyers and sellers should closely watch.
Chevy Chase remains a very competitive market, with homes typically selling in just 11 days and often receiving multiple offers—some with waived contingencies to strengthen buyer positions. On average, properties sell for about 2% above the asking price and go under contract quickly, reflecting strong buyer demand. Hot homes, particularly those in desirable locations or in turnkey condition, can move even faster—going pending in as little as 4 days and still commanding offers above list price. In this fast-paced environment, buyers need to act decisively, while sellers are well-positioned to leverage favorable conditions for strong returns.
Chevy Chase Town, MD is a buyer’s market as of June 2025, indicating that housing supply currently exceeds buyer demand. This creates more options and negotiating power for buyers, who may benefit from longer days on market, price reductions, and flexible terms. Sellers, on the other hand, may need to adjust pricing strategies and expectations to stay competitive in a slower-moving environment.
Chevy Chase offers a unique blend of charm, luxury, and convenience, making it an exceptional place to call home. Whether you're looking for insights into the local market, have questions about available properties, or are ready to start your home-buying journey, our expert team is here to assist you every step of the way. Don’t wait—reach out today and let us help you find the perfect property in Chevy Chase, MD!
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