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Monday, August 4, 2025

Kemp Mill home prices rise in July 2017

Re 4

The median sale price of a home sold in July 2017 in Kemp Mill rose by $24,750 while total sales decreased by 14.3%, according to BlockShopper.com.

In July 2017, there were 12 homes sold, with a median sale price of $431,000 - a 6.1% increase over the $406,250 median sale price for the same period of the previous year. There were 14 homes sold in Kemp Mill in July 2016.

The median sales tax in Kemp Mill for the most recent year with available data, 2016, was $4,479, approximately 1% of the median home sale price for July 2017.

The following table compares Kemp Mill to other Montgomery County cities with similar median sales prices in July 2017:

CityJuly 2017 Home SalesJuly 2016 Home Sales% change (Total Home Sales)July 2017 Median Sales PriceJuly 2016 Median Sales Price% change (Median Sales Price)
North Kensington722-68.2%$485,000$487,450-0.5%
Forest Glen513-61.5%$480,000$400,00020%
Clarksburg1827-33.3%$463,400$428,0008.3%
Colesville2431-22.6%$451,500$480,000-5.9%
Gaithersburg5369-23.2%$433,000$435,000-0.5%
Kemp Mill1214-14.3%$431,000$406,2506.1%
Calverton10666.7%$415,000$328,75026.2%
Aspen Hill53530%$410,000$450,000-8.9%
Damascus1834-47.1%$408,925$348,75017.3%
Poolesville11110%$400,000$390,0002.6%
Fairland1519-21.1%$397,000$360,00010.3%

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