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Monday, November 25, 2024

Rockville home prices fall in the third quarter of 2018

Realestate2

The median sale price of a home sold in the third quarter of 2018 in Rockville fell by $35,050 while total sales decreased by 7%, according to BlockShopper.com.

From July through September of 2018, there were 160 homes sold, with a median sale price of $548,450 - a 6% decrease over the $583,500 median sale price for the same period of the previous year. There were 172 homes sold in Rockville in the third quarter of 2017.

The median sales tax in Rockville for the most recent year with available data, 2016, was $6,949, approximately 1.3% of the median home sale price for the third quarter of 2018.

The following table compares Rockville 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)
Darnestown251931.6%$660,000$822,500-19.8%
Laytonsville770%$632,000$690,000-8.4%
Boyds23-33.3%$600,000$365,00064.4%
Takoma Park4244-4.5%$575,000$580,000-0.9%
Washington Grove31200%$560,000$486,22415.2%
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%

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