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Thursday, November 21, 2024

Chevy Chase (Montgomery County) home prices rise in June 2020

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The median sale price of a home sold in June 2020 in Chevy Chase in Montgomery County rose by $60,000 while total sales decreased by 50%, according to BlockShopper.com.

In June 2020, there were 15 homes sold, with a median sale price of $1,150,000 - a 5.5% increase over the $1,090,000 median sale price for the same period of the previous year. There were 30 homes sold in Chevy Chase in June 2019.

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 June 2020.

The following table compares Chevy Chase to other Montgomery County cities with similar median sales prices in June 2020:

CityJune 2020 Home SalesJune 2019 Home Sales% change (Total Home Sales)June 2020 Median Sales PriceJune 2019 Median Sales Price% change (Median Sales Price)
Chevy Chase1530-50%$1,150,000$1,090,0005.5%
Bethesda7090-22.2%$1,100,000$1,035,0006.3%
Travilah14137.7%$1,064,000$1,358,000-21.6%
Laytonsville34-25%$899,900$455,00097.8%
Potomac3873-47.9%$890,000$995,000-10.6%
Garrett Park20-$762,750$0-
North Bethesda2433-27.3%$761,000$785,000-3.1%
North Potomac1420-30%$741,575$730,0001.6%
South Kensington16160%$740,000$777,750-4.9%
Takoma Park616-62.5%$710,000$631,00012.5%
Darnestown89-11.1%$652,500$841,000-22.4%
* This story only considers sales data for the part of Chevy Chase that is in Montgomery County.

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