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Friday, November 15, 2024

Derwood home prices fall 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 Derwood fell by $17,500 while total sales decreased by 13.5%, according to BlockShopper.com.

From April through June of 2019, there were 45 homes sold, with a median sale price of $455,000 - a 3.7% decrease over the $472,500 median sale price for the same period of the previous year. There were 52 homes sold in Derwood in the second quarter of 2018.

The median sales tax in Derwood for the most recent year with available data, 2016, was $4,947, approximately 1.1% of the median home sale price for the second quarter of 2019.

The following table compares Derwood 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)
North Kensington695525.5%$460,000$466,500-1.4%
Hillandale12-50%$460,000$599,500-23.3%
Kemp Mill493158.1%$459,000$461,000-0.4%
White Oak3150-38%$458,000$398,50014.9%
Clarksburg524710.6%$455,500$442,0003.1%
Derwood4552-13.5%$455,000$472,500-3.7%
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%

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