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Friday, November 15, 2024

Forest Glen 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 Forest Glen rose by $6,375 while total sales decreased by 21.2%, according to BlockShopper.com.

From January through June of 2019, there were 41 homes sold, with a median sale price of $490,000 - a 1.3% increase over the $483,625 median sale price for the same period of the previous year. There were 52 homes sold in Forest Glen in the first half of 2018.

The median sales tax in Forest Glen for the most recent year with available data, 2016, was $4,425, approximately 0.9% of the median home sale price for the first half of 2019.

The following table compares Forest Glen 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)
Ashton-Sandy Spring2932-9.4%$575,000$484,75018.6%
Silver Spring277291-4.8%$532,500$527,5000.9%
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%

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