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Thursday, December 26, 2024

Forest Glen home prices fall in the fourth quarter of 2018

Realestate2

The median sale price of a home sold in the fourth quarter of 2018 in Forest Glen fell by $21,000 while total sales increased by 30.8%, according to BlockShopper.com.

From October through December of 2018, there were 17 homes sold, with a median sale price of $425,000 - a 4.7% decrease over the $446,000 median sale price for the same period of the previous year. There were 13 homes sold in Forest Glen in the fourth quarter of 2017.

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 fourth quarter of 2018.

The following table compares Forest Glen to other Montgomery County cities with similar median sales prices in the fourth quarter of 2018:

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Ashton-Sandy Spring151136.4%$440,000$469,000-6.2%
Aspen Hill1288354.2%$440,000$410,0007.3%
Poolesville21210%$437,805$420,0004.2%
Kemp Mill34326.3%$437,000$412,5005.9%
North Kensington484214.3%$432,500$412,797.504.8%
Forest Glen171330.8%$425,000$446,000-4.7%
Cloverly2430-20%$420,000$430,500-2.4%
Calverton181428.6%$420,000$342,50022.6%
White Oak2739-30.8%$415,000$404,5002.6%
Damascus5772-20.8%$390,000$389,9950%
Wheaton-Glenmont129130-0.8%$380,000$367,0003.5%

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