What happened to the median home price in Chevy Chase (Montgomery County) during September 2021?

Medium realestate4

The median sale price of a home sold in September 2021 in Chevy Chase in Montgomery County rose by $80,000 while total sales increased by 133.3%, according to BlockShopper.com.

In September 2021, there were 28 homes sold, with a median sale price of $1,315,000 - a 6.5% increase over the $1,235,000 median sale price for the same period of the previous year. There were 12 homes sold in Chevy Chase in September 2020.

The median sales tax in Chevy Chase for the most recent year with available data, 2020, was $11,363, approximately 0.9% of the median home sale price for September 2021.

The following table compares Chevy Chase to other Montgomery County cities with similar median sale prices in September 2021:

CitySept. 2021 Home SalesSept. 2020 Home Sales% change (Total Home Sales)Sept. 2021 Median Sales PriceSept. 2020 Median Sales Price% change (Median Sales Price)
Chevy Chase2812133.3%$1,315,000$1,235,0006.5%
Garrett Park3250%$1,030,000$1,112,000-7.4%
Cabin John12-50%$905,000$1,207,500-25.1%
Washington Grove10-$899,900$0-
* This story only considers sales data for the part of Chevy Chase that is in Montgomery County.

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