Home Values

Chevy Chase Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$939,000

  • 2.9% 1-year change
  • -0.3% 1-year forecast

The median home value in Chevy Chase is $939,000. Chevy Chase home values have gone up 2.9% over the past year and Zillow predicts they will fall -0.3% within the next year. The median list price per square foot in Chevy Chase is $511, which is higher than the Washington Metro average of $207. The median price of homes currently listed in Chevy Chase is $1,225,000 while the median price of homes that sold is $867,600.

Foreclosures will be a factor impacting home values in the next several years. In Chevy Chase 2.3 homes are foreclosed (per 10,000). This is greater than the Washington Metro value of 2.1 and also lower than the national value of 4.0

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Relative ZHVI
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Chevy Chase Market Overview

Data through Sep 30, 2014
  • $939,000 ZHVI
  • -0.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $1,225,000 Median listing price
  • $867,600 Median sale price (Aug 31, 2014)
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Chevy Chase Market Health

Data through Sep 30, 2014
  • 3.4/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

2.3 homes(Jul 31, 2014) Chevy Chase
2.1 homes Washington Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Chevy Chase Village $1,655,300
Somerset $1,430,000
Brookmont $965,100
Name Median ZHVI
Bethesda $802,600
South Kensington $684,100
Kensington $634,500
Name Median ZHVI
Takoma Park $443,800
North Bethesda $414,500
North Kensington $403,400

Listings & Sales

Data through Sep 30, 2014
  • $511 Median list price / sq ft
  • $434 Median sale price / sq ft (Aug 31, 2014)
  • 52.8% Listings with price cut
5.2%
Sold below listing
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Chevy Chase Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $3,920 Chevy Chase
    $2,093 Washington Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 6.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $1.98 Rent list price / sq ft
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