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Friday, November 15, 2024

North Kensington home prices fall in the first quarter of 2019

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The median sale price of a home sold in the first quarter of 2019 in North Kensington fell by $9,500 while total sales increased by 13.9%, according to BlockShopper.com.

From January through March of 2019, there were 41 homes sold, with a median sale price of $417,500 - a 2.2% decrease over the $427,000 median sale price for the same period of the previous year. There were 36 homes sold in North Kensington in the first quarter of 2018.

The median sales tax in North Kensington for the most recent year with available data, 2016, was $4,454, approximately 1.1% of the median home sale price for the first quarter of 2019.

The following table compares North Kensington 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)
Colesville504413.6%$448,750$445,0000.8%
Hillandale42100%$432,950$404,9506.9%
Gaithersburg13111712%$430,000$402,0007%
White Oak2838-26.3%$420,000$417,5000.6%
Aspen Hill98111-11.7%$418,250$407,5002.6%
North Kensington413613.9%$417,500$427,000-2.2%
Clarksburg2148-56.3%$405,000$424,000-4.5%
Kemp Mill3037-18.9%$401,500$420,000-4.4%
Wheaton-Glenmont1241139.7%$395,000$355,00011.3%
Damascus5172-29.2%$380,000$368,5003.1%
Dickerson24-50%$368,825$365,4500.9%

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