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Friday, November 15, 2024

Kemp Mill 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 Kemp Mill fell by $2,000 while total sales increased by 58.1%, according to BlockShopper.com.

From April through June of 2019, there were 49 homes sold, with a median sale price of $459,000 - a 0.4% decrease over the $461,000 median sale price for the same period of the previous year. There were 31 homes sold in Kemp Mill in the second quarter of 2018.

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 the second quarter of 2019.

The following table compares Kemp Mill 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)
Colesville775930.5%$495,000$449,00010.2%
Washington Grove12-50%$475,000$479,500-0.9%
Cloverly343013.3%$460,000$441,0004.3%
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%

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