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Friday, November 15, 2024

Forest Glen home prices rise in the second quarter of 2019

Realestate077

The median sale price of a home sold in the second quarter of 2019 in Forest Glen rose by $27,750 while total sales remained unchanged with 29 homes sold, according to BlockShopper.com.

From April through June of 2019, there were 29 homes sold, with a median sale price of $510,000 - a 5.8% increase over the $482,250 median sale price for the same period of the previous year. There were 29 homes sold in Forest Glen in the second quarter of 2018, as well.

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 second quarter of 2019.

The following table compares Forest Glen 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)
Takoma Park483060%$621,000$565,0009.9%
Ashton-Sandy Spring2025-20%$585,000$475,00023.2%
Silver Spring1741608.8%$557,000$537,5003.6%
Olney125129-3.1%$520,000$500,0004%
Laytonsville1121-47.6%$520,000$665,000-21.8%
Forest Glen29290%$510,000$482,2505.8%
Gaithersburg2132120.5%$508,000$514,950-1.3%
Rockville144159-9.4%$500,000$590,000-15.3%
Colesville775930.5%$495,000$449,00010.2%
Washington Grove12-50%$475,000$479,500-0.9%
Cloverly343013.3%$460,000$441,0004.3%

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