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Monday, November 25, 2024

Boyds 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 Boyds rose by $235,000 while total sales decreased by 33.3%, according to BlockShopper.com.

From July through September of 2018, there were two homes sold, with a median sale price of $600,000 - a 64.4% increase over the $365,000 median sale price for the same period of the previous year. There were three homes sold in Boyds in the third quarter of 2017.

The median sales tax in Boyds for the most recent year with available data, 2016, was $5,018, approximately 0.8% of the median home sale price for the third quarter of 2018.

The following table compares Boyds 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)
Garrett Park9812.5%$725,000$630,00015.1%
North Potomac634153.7%$683,750$639,9006.9%
Ashton-Sandy Spring341888.9%$675,950$592,50014.1%
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%

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