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Wednesday, December 25, 2024

Cabin John home prices fall in the fourth quarter of 2018

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The median sale price of a home sold in the fourth quarter of 2018 in Cabin John fell by $101,750 while total sales decreased by 50%, according to BlockShopper.com.

From October through December of 2018, there were two homes sold, with a median sale price of $884,500 - a 10.3% decrease over the $986,250 median sale price for the same period of the previous year. There were four homes sold in Cabin John in the fourth quarter of 2017.

The median sales tax in Cabin John for the most recent year with available data, 2016, was $9,587, approximately 1.1% of the median home sale price for the fourth quarter of 2018.

The following table compares Cabin John 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)
Travilah272412.5%$1,105,000$1,050,0005.2%
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%

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