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Friday, November 15, 2024

Germantown home prices rise in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Germantown rose by $9,000 while total sales decreased by 1.7%, according to BlockShopper.com.

From January through June of 2019, there were 475 homes sold, with a median sale price of $349,000 - a 2.6% increase over the $340,000 median sale price for the same period of the previous year. There were 483 homes sold in Germantown in the first half of 2018.

The median sales tax in Germantown for the most recent year with available data, 2016, was $3,915, approximately 1.1% of the median home sale price for the first half of 2019.

The following table compares Germantown to other Montgomery County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Aspen Hill238247-3.6%$425,000$421,0001%
Wheaton-Glenmont28725711.7%$395,000$373,0005.9%
Damascus122138-11.6%$380,000$361,0005.3%
Calverton3035-14.3%$375,000$371,0001.1%
Poolesville463821.1%$371,050$451,000-17.7%
Washington Grove24-50%$365,000$479,500-23.9%
Germantown475483-1.7%$349,000$340,0002.6%
Fairland756810.3%$342,000$324,9005.3%
Burtonsville4451-13.7%$325,000$330,000-1.5%
Montgomery Village4123876.5%$315,000$309,0001.9%
Boyds23-33.3%$292,500$399,900-26.9%

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