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Monday, December 23, 2024

Colesville 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 Colesville rose by $26,000 while total sales increased by 23.3%, according to BlockShopper.com.

From January through June of 2019, there were 127 homes sold, with a median sale price of $475,000 - a 5.8% increase over the $449,000 median sale price for the same period of the previous year. There were 103 homes sold in Colesville in the first half of 2018.

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 first half of 2019.

The following table compares Colesville 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)
Rockville246264-6.8%$505,000$536,750-5.9%
Olney21319111.5%$500,000$482,5003.6%
Laytonsville1433-57.6%$492,500$630,000-21.8%
Forest Glen4152-21.2%$490,000$483,6251.3%
Gaithersburg3443294.6%$480,000$475,0001.1%
Colesville12710323.3%$475,000$449,0005.8%
Cloverly5051-2%$460,000$439,9004.6%
Derwood8191-11%$455,000$450,0001.1%
Kemp Mill796816.2%$450,000$442,0001.8%
White Oak5988-33%$449,000$405,00010.9%
North Kensington1109120.9%$443,700$455,000-2.5%

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