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Friday, November 15, 2024

Colesville home prices rise 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 Colesville rose by $3,750 while total sales increased by 13.6%, according to BlockShopper.com.

From January through March of 2019, there were 50 homes sold, with a median sale price of $448,750 - a 0.8% increase over the $445,000 median sale price for the same period of the previous year. There were 44 homes sold in Colesville in the first quarter of 2018.

The median sales tax in Colesville for the most recent year with available data, 2016, was $5,084, approximately 1.1% of the median home sale price for the first quarter of 2019.

The following table compares Colesville 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)
Olney886241.9%$481,000$462,5004%
Cloverly1621-23.8%$466,935$438,0006.6%
Boyds110%$465,000$399,90016.3%
Derwood3639-7.7%$456,300$395,00015.5%
Forest Glen1223-47.8%$449,875$489,900-8.2%
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%

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