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Friday, November 15, 2024

Germantown home prices fall in the first quarter of 2019

Realestate077

The median sale price of a home sold in the first quarter of 2019 in Germantown fell by $5,100 while total sales decreased by 9.3%, according to BlockShopper.com.

From January through March of 2019, there were 195 homes sold, with a median sale price of $319,900 - a 1.6% decrease over the $325,000 median sale price for the same period of the previous year. There were 215 homes sold in Germantown in the first quarter of 2018.

The median sales tax in Germantown for the most recent year with available data, 2016, was $3,915, approximately 1.2% of the median home sale price for the first quarter of 2019.

The following table compares Germantown 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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