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Monday, August 4, 2025

Forest Glen home prices rise in the third quarter of 2017

Realestate2

The median sale price of a home sold in the third quarter of 2017 in Forest Glen rose by $49,500 while total sales decreased by 23.3%, according to BlockShopper.com.

From July through September of 2017, there were 23 homes sold, with a median sale price of $480,000 - a 11.5% increase over the $430,500 median sale price for the same period of the previous year. There were 30 homes sold in Forest Glen in the third quarter of 2016.

The median sales tax in Forest Glen for the most recent year with available data, 2016, was $4,425, approximately 0.9% of the median home sale price for the third quarter of 2017.

The following table compares Forest Glen to other Montgomery County cities with similar median sales prices in the third quarter of 2017:

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Takoma Park4455-20%$580,000$500,00016%
Silver Spring151166-9%$535,775$496,5007.9%
Clarksburg645516.4%$500,000$455,0009.9%
Olney13811421.1%$497,500$494,3750.6%
Washington Grove13-66.7%$486,224$417,50016.5%
Forest Glen2330-23.3%$480,000$430,50011.5%
Colesville907716.9%$475,000$440,0008%
Derwood60583.4%$471,500$426,50010.6%
Gaithersburg22919318.7%$449,900$429,0004.9%
Cloverly2331-25.8%$445,000$443,5000.3%
Hillandale25-60%$439,000$336,90030.3%

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