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Thursday, December 26, 2024

South Kensington home prices rise in the fourth quarter of 2018

Realestate3

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The median sale price of a home sold in the fourth quarter of 2018 in South Kensington rose by $24,000 while total sales increased by 37%, according to BlockShopper.com.

From October through December of 2018, there were 37 homes sold, with a median sale price of $753,000 - a 3.3% increase over the $729,000 median sale price for the same period of the previous year. There were 27 homes sold in South Kensington in the fourth quarter of 2017.

The median sales tax in South Kensington for the most recent year with available data, 2016, was $7,536, approximately 1% of the median home sale price for the fourth quarter of 2018.

The following table compares South Kensington 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)
Chevy Chase4549-8.2%$1,050,000$1,020,0002.9%
Bethesda1821679%$957,500$950,0000.8%
Potomac1249530.5%$897,500$860,0004.4%
Cabin John24-50%$884,500$986,250-10.3%
Darnestown141040%$762,000$672,40013.3%
South Kensington372737%$753,000$729,0003.3%
Dickerson330%$729,000$585,00024.6%
Brinklow110%$729,000$460,00058.5%
Brookeville5366.7%$717,500$382,00087.8%
North Bethesda4860-20%$702,500$639,5009.9%
North Potomac38358.6%$686,000$685,0000.1%

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