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

$972,900

  • 7.5% 1-year change
  • 1.7% 1-year forecast

The median home value in Chevy Chase is $972,900. Chevy Chase home values have gone up 7.5% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in Chevy Chase is $478, which is higher than the Washington Metro average of $197. The median price of homes currently listed in Chevy Chase is $999,000 while the median price of homes that sold is $1,092,692.

Foreclosures will be a factor impacting home values in the next several years. In Chevy Chase 1.7 homes are foreclosed (per 10,000). This is lower than the Washington Metro value of 3.9 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 Dec 31, 2014
  • $972,900 ZHVI
  • 1.7% 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
    (Dec 31, 2015)
  • $999,000 Median listing price
  • $1,092,692 Median sale price
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Chevy Chase Market Health

Data through Dec 31, 2014
  • 9.4/10 Very 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 (16.9% US Avg)
  • No data Delinquent on mortgage (6.4% US Avg)

Homes foreclosed (per 10,000)

1.7 homes(Nov 30, 2014) Chevy Chase
3.9 homes Washington Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Chevy Chase Village $1,726,000
Somerset $1,451,900
Brookmont $1,006,500
Name Median ZHVI
Bethesda $821,400
South Kensington $696,100
Kensington $651,600
Name Median ZHVI
North Bethesda $417,400
North Kensington $402,800
Friendship Village $345,500

Listings & Sales

Data through Dec 31, 2014
  • $478 Median list price / sq ft
  • $466 Median sale price / sq ft
  • 22.0% Listings with price cut
18.1%
Sold below listing
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Chevy Chase Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $3,874 Chevy Chase
    $2,104 Washington Metro
    $1,345 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
  • $2.04 Rent list price / sq ft
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