Why Live in Chevy Chase Lake
Chevy Chase Lake is a developing mixed-use neighborhood in Chevy Chase, featuring a blend of high-rise condos, apartments, and occasional single-family homes and townhouses. The area is becoming known for its new retail and dining options, including Amazon Fresh and local favorites like Manoli Canoli, which offers Greek and Italian cuisine. The neighborhood is also home to Norman’s Farm and Market Stand, providing fresh, local produce. Chevy Chase Lake is historically significant, once the site of the Chevy Chase Lake Amusement Park, and is now a modern community with a mix of contemporary and luxury homes. The median household income here is notably high, and the area is characterized by its upscale, planned suburban communities with stately colonials and split-level houses. The neighborhood is safer than the national average, with limited vehicle traffic on residential roads. Recreational opportunities abound with North Chevy Chase Local Park and Ray’s Meadow Park, offering sports fields, playgrounds, and trails like the Georgetown Branch Trail. Students attend highly rated schools, including Bethesda Elementary, North Chevy Chase Elementary, Silver Creek Middle, and Bethesda-Chevy Chase High School. The upcoming Purple Line light rail will enhance connectivity, making commutes easier across Maryland. Chevy Chase Lake is conveniently located less than a mile from the Capital Beltway, providing quick access to Washington D.C. and surrounding areas.
Home Trends in Chevy Chase Lake, MD
On average, homes in Chevy Chase Lake, Chevy Chase sell after 22 days on the market compared to the national average of 70 days. The median sale price for homes in Chevy Chase Lake, Chevy Chase over the last 12 months is $589,000, up 37% from the median home sale price over the previous 12 months.
Median Sale Price
$589,000
Median Single Family Sale Price
$589,000
Median Townhouse Sale Price
$840,000
Median 2 Bedroom Sale Price
$840,000
Average Price Per Sq Ft
$390
Number of Homes for Sale
1
Last 12 months Home Sales
14
Median List Price
$589,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
37%