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Friday, November 15, 2024

Montgomery Village home prices rise in the first quarter of 2019

Realestate3

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Adobe Stock

The median sale price of a home sold in the first quarter of 2019 in Montgomery Village rose by $6,000 while total sales increased by 14.6%, according to BlockShopper.com.

From January through March of 2019, there were 173 homes sold, with a median sale price of $300,000 - a 2% increase over the $294,000 median sale price for the same period of the previous year. There were 151 homes sold in Montgomery Village in the first quarter of 2018.

The median sales tax in Montgomery Village for the most recent year with available data, 2016, was $3,117, approximately 1% of the median home sale price for the first quarter of 2019.

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

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Wheaton-Glenmont1241139.7%$395,000$355,00011.3%
Damascus5172-29.2%$380,000$368,5003.1%
Dickerson24-50%$368,825$365,4500.9%
Calverton1321-38.1%$360,000$325,00010.8%
Laytonsville312-75%$351,000$555,000-36.8%
Poolesville201533.3%$340,000$350,000-2.9%
Fairland3139-20.5%$335,000$310,0008.1%
Germantown195215-9.3%$319,900$325,000-1.6%
Burtonsville2125-16%$316,000$324,000-2.5%
Montgomery Village17315114.6%$300,000$294,0002%
Washington Grove12-50%$255,000$518,000-50.8%

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