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Tuesday, May 21, 2024

North Kensington home prices rise in the first quarter of 2018

Realestate5

The median sale price of a home sold in the first quarter of 2018 in North Kensington rose by $27,001 while total sales decreased by 34.5%, according to BlockShopper.com.

From January through March of 2018, there were 36 homes sold, with a median sale price of $427,000 - a 6.8% increase over the $399,999 median sale price for the same period of the previous year. There were 55 homes sold in North Kensington in the first quarter of 2017.

The median sales tax in North Kensington for the most recent year with available data, 2016, was $4,454, approximately 1% of the median home sale price for the first quarter of 2018.

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

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Silver Spring131155-15.5%$508,000$469,3428.2%
Forest Glen23224.5%$489,900$423,87515.6%
Olney62101-38.6%$462,500$475,000-2.6%
Colesville4457-22.8%$445,000$433,5002.7%
Cloverly211540%$438,000$465,000-5.8%
North Kensington3655-34.5%$427,000$399,9996.8%
Clarksburg483537.1%$424,000$432,500-2%
Kemp Mill3748-22.9%$420,000$410,0002.4%
White Oak3859-35.6%$417,500$383,5008.9%
Aspen Hill1111100.9%$407,500$385,0005.8%
Hillandale26-66.7%$404,950$424,500-4.6%

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