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Friday, November 15, 2024

Forest Glen 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 Forest Glen fell by $40,025 while total sales decreased by 47.8%, according to BlockShopper.com.

From January through March of 2019, there were 12 homes sold, with a median sale price of $449,875 - a 8.2% decrease over the $489,900 median sale price for the same period of the previous year. There were 23 homes sold in Forest Glen in the first quarter of 2018.

The median sales tax in Forest Glen for the most recent year with available data, 2016, was $4,425, approximately 1% of the median home sale price for the first quarter of 2019.

The following table compares Forest Glen 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)
Silver Spring103131-21.4%$481,500$508,000-5.2%
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%

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