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Friday, November 15, 2024

Germantown home prices rise in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Germantown rose by $1,750 while total sales increased by 4.5%, according to BlockShopper.com.

From April through June of 2019, there were 280 homes sold, with a median sale price of $368,000 - a 0.5% increase over the $366,250 median sale price for the same period of the previous year. There were 268 homes sold in Germantown in the second quarter of 2018.

The median sales tax in Germantown for the most recent year with available data, 2016, was $3,915, approximately 1.1% of the median home sale price for the second quarter of 2019.

The following table compares Germantown to other Montgomery County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Dickerson4333.3%$443,750$326,70035.8%
Aspen Hill1401362.9%$429,999.50$440,000-2.3%
Poolesville262313%$407,500$515,000-20.9%
Wheaton-Glenmont16314413.2%$394,900$389,4501.4%
Damascus71667.6%$380,000$360,0005.6%
Calverton171421.4%$376,000$417,500-9.9%
Germantown2802684.5%$368,000$366,2500.5%
Fairland442951.7%$363,500$338,8707.3%
Burtonsville2326-11.5%$340,000$332,5002.3%
Montgomery Village2392361.3%$328,000$323,0001.5%
Boyds12-50%$120,000$542,450-77.9%

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