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Monday, November 25, 2024

Colesville home prices rise in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Colesville rose by $4,900 while total sales decreased by 7.8%, according to BlockShopper.com.

From July through September of 2018, there were 83 homes sold, with a median sale price of $479,900 - a 1% increase over the $475,000 median sale price for the same period of the previous year. There were 90 homes sold in Colesville in the third quarter of 2017.

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 third quarter of 2018.

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

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Rockville160172-7%$548,450$583,500-6%
Silver Spring1661519.9%$547,750$535,7752.2%
Forest Glen2023-13%$525,000$480,0009.4%
Gaithersburg223229-2.6%$502,500$449,90011.7%
Olney130138-5.8%$493,000$497,500-0.9%
Colesville8390-7.8%$479,900$475,0001%
Derwood666010%$469,000$471,500-0.5%
Clarksburg5264-18.8%$469,000$500,000-6.2%
Hillandale52150%$466,500$439,0006.3%
Poolesville32313.2%$460,000$410,00012.2%
Cloverly362356.5%$455,500$445,0002.4%

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