Chevy Chase, MD is a community known for it’s elegance and it’s national prominence as own the finest places to live in anywhere. It directly borders the District of Columbia, but remains in Montgomery County giving it access to some of the best schools in the nation.
Indeed, when someone coined the term, “Location, location, location,” they may have been talking about Chevy Chase.
The town of Chevy Chase itself is not very large, but what it doesn’t have in size, it makes up for jaw dropping curb appeal.
Why people love Chevy Chase?
It’s location is unbeatable for people who must commute downtown while providing the best of what make Montgomery County special in terms of social services and education.
Also, the strict laws that prohibit the town section residents from Mc-Mansioning their homes saved the historic town from the bad taste of others while increasing their values.
How much will you spend, what will you get?
In 2011, 218 homes sold in Chevy Chase with an average closed sales price of $1,159,965 (representing 97% of list price). Of those homes sold the average details were 4 Bedrooms and 4 Bathrooms, while being on market 42 Days (which is outstanding in any marketplace).
Census Bureau findings
To download a PDF of the most recent census bureau findings please CLICK HERE.
Real Estate Market Stats
Zillow Home Value Index: $820,200
Zillow Home Value Index
Owners vs. Renters
Home Size in Square Feet
Year Built
| Local | National | |
|---|---|---|
| Zillow Home Value Index | $820,200 | $146,900 |
| Median Single Family Home Value | $834,400 | $146,900 |
| Median Condo Value | $529,500 | $145,800 |
| Median 3-Bedroom Home Value | $715,600 | $140,500 |
| Median 4-Bedroom Home Value | $850,800 | $230,100 |
| Percent Homes Decreasing | 56.6% | 63% |
| Percent Listing Price Reduction | 31.4% | 25.6% |
| Median List Price Per Sq Ft | $418 | $92 |
| Median List Price | $899,900 | $180,000 |
| Median Sale Price | $768,500 | $178,200 |
| Homes Recently Sold | 14 | 289,233 |
| Property Tax | $7,756 | $2,111 |
| Turnover (Sold Within Last Yr.) | 4.2% | 3.4% |
| Median Value Per Sq Ft | $485 | $105 |
| 1-Yr. Change | 1% | -4.7% |
| >Homes For Sale By Owner | 0 | 42,064 |
| >New Construction | 0 | 43,882 |
| >Foreclosures | 0 | 569,841 |
Schools
Chevy Chase Elementary School
Rock Creek Forest Elementary School
Somerset Elementary School
North Chevy Chase Elementary School
Lycee Rochambeau French International School
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