Chevy Chase, Maryland
Average Home Sizes and Asking Prices
Updated On: October 14, 2019
Asking Price in 20815 - 3 Bedroom Single Family Homes
Homes for Sale in Chevy Chase
Chevy Chase Real Estate & Homes for Sale in Maryland
The tranquil bedroom community of Chevy Chase is conveniently located six miles from Washington, D.C., along the Capital Beltway. This residential haven of approximately 10,000 residents offers prospective residents gorgeous housing and is nestled within Montgomery County, one of the wealthiest counties in the nation. Established in 1776, Chevy Chase features rolling farms to the west and cosmopolitan cities to the east and south.
While the prestigious Chevy Chase address and attractive older subdivisions is a magnet for D.C. professionals, the easy 30-minute commute to downtown Washington is an additional bonus. The Metro, Metro bus, and MARC commuter rail provide easy transportation within the county and all over the D.C. Metro Area.
Montgomery County has more than 78,000 private-sector high-tech jobs and anchors the third largest cluster of biotech firms in the United States along I-270 in what is known as "DNA Alley." The Federal government, however, remains the area's largest single employer. Other unique aspects of Chevy Chase are the strong community spirit, endless cultural possibilities and consistently high quality of education. Chevy Chase students attend schools in the Montgomery County Public School District which enjoys a sterling reputation as one with a fine educational system and is the largest district in Maryland, serving more than 136,000 students.
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Chevy Chase Real Estate Market: Prices of Chevy Chase Homes
The various municipalities of Chevy Chase real estate are known by "section" numbers. Sections 1-3 represent the Village of Chevy Chase. The Town of Chevy Chase Maryland is represented in sections 4-7. Martin's Additions, Kenwood, Rock Creek Forest, Farmington, Rollingwood and Dunlop Hills are a few of the premier suburban communities with single-family homes for sale priced from the high $400,000s to $5 million and more. Luxury Chevy Chase homes can be purchased at this higher end.
North Chevy Chase is small village located within Chevy Chase and is close to shopping centers and DC. Although there are not as many homes for sale in North Chevy Chase, this is a good community for small families.
A variety of lovely high-rise condominium units are available in Chevy Chase from the high $200,000s to $1 million and more. Townhouses for sale are priced from the $300,000 range. Prospective homebuyers can even look for homes near golf courses or within driving distance to the Chevy Chase Country Club, within a retirement community, or near any one of the colleges in town.
Chevy Chase Real Estate Stats and Trends for the week of October 14th, 2019: homes priced around $943,341 compared to $943,341 the previous week, to remain steady with no change in listing price. For Monday, October 14th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.