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Thursday, December 26, 2024

White Oak home prices rise in the second half of 2018

Realestate2

The median sale price of a home sold in the second half of 2018 in White Oak rose by $20,000 while total sales decreased by 13.3%, according to BlockShopper.com.

From July through December of 2018, there were 72 homes sold, with a median sale price of $425,000 - a 4.9% increase over the $405,000 median sale price for the same period of the previous year. There were 83 homes sold in White Oak in the second half of 2017.

The median sales tax in White Oak for the most recent year with available data, 2016, was $4,454, approximately 1% of the median home sale price for the second half of 2018.

The following table compares White Oak 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)
Cloverly605313.2%$450,000$431,0004.4%
North Kensington1138828.4%$440,000$419,9504.8%
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%

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