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In Chevy Chase, Maryland, the detached housing market showed signs of slowing in April as inventory levels increased and pricing softened compared to both last month and last year. The median sold price came in at $1,492,500, reflecting a 6.7% decrease from March and an 18.2% decline compared to April 2025. Homes also took longer to sell, averaging 26 days on the market, which is 53% above the five-year April average of 17 days.
Buyer activity remained steady overall. New contract activity was unchanged month over month with 26 new pending sales, while total pending contracts increased 12% to 28 transactions when including carryover contracts from March. At the same time, inventory surged significantly, with active listings jumping 109.5% to 44 homes available for sale.
This combination of rising inventory and moderate contract activity pushed the Contract Ratio down to 0.64 pendings per active listing, compared to 1.19 in March. However, the market remains stronger than it was a year ago, when the ratio stood at 0.41. The current Contract Ratio is still 30% below the five-year April average of 0.91, signaling that market conditions are becoming more balanced and increasingly favorable toward buyers. While demand remains present for well-priced homes, buyers now have more choices and greater negotiating leverage than they did during the tighter inventory conditions seen in previous years.
