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Tuesday, December 24, 2024

Damascus home prices rise in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in Damascus rose by $5,010 while total sales decreased by 2%, according to BlockShopper.com.

From July through December of 2018, there were 144 homes sold, with a median sale price of $395,000 - a 1.3% increase over the $389,990 median sale price for the same period of the previous year. There were 147 homes sold in Damascus in the second half of 2017.

The median sales tax in Damascus for the most recent year with available data, 2016, was $4,157, approximately 1.1% of the median home sale price for the second half of 2018.

The following table compares Damascus to other Montgomery County cities with similar median sales prices in the second half of 2018:

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Poolesville53521.9%$438,000$415,0005.5%
Kemp Mill847413.5%$437,000$412,5005.9%
Aspen Hill2642591.9%$432,450$405,0006.8%
White Oak7283-13.3%$425,000$405,0004.9%
Calverton453432.4%$420,000$385,5008.9%
Damascus144147-2%$395,000$389,9901.3%
Wheaton-Glenmont285286-0.3%$385,000$364,5005.6%
Germantown5435282.8%$368,000$330,00011.5%
Boyds6520%$367,500$470,000-21.8%
Fairland947623.7%$338,624.50$351,000-3.5%
Burtonsville694940.8%$332,500$353,600-6%

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