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Monday, August 4, 2025

Colesville home prices rise in 2017

Re 12

The median sale price of a home sold in 2017 in Colesville rose by $27,350 while total sales increased by 9.4%, according to BlockShopper.com.

From January through December of 2017, there were 292 homes sold, with a median sale price of $447,250 - a 6.5% increase over the $419,900 median sale price for the previous year. There were 267 homes sold in Colesville in 2016.

The median sales tax in Colesville for the most recent year with available data, 2016, was $5,084, approximately 1.1% of the median home sale price for 2017.

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

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Forest Glen78106-26.4%$460,000$419,7509.6%
Derwood21016825%$460,000$428,9757.2%
Clarksburg1941940%$450,775$426,5005.7%
Gaithersburg7556899.6%$450,000$430,0004.7%
Hillandale1517-11.8%$449,000$360,00024.7%
Colesville2922679.4%$447,250$419,9006.5%
Cloverly95888%$435,000$413,2505.3%
North Kensington21217124%$425,000$419,0001.4%
Kemp Mill1681539.8%$410,000$410,0000%
Washington Grove550%$400,000$324,00023.5%
Boyds916-43.8%$400,000$410,000-2.4%

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