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Monday, November 25, 2024

Germantown home prices rise in August 2019

Realestate5

The median sale price of a home sold in August 2019 in Germantown rose by $9,000 while total sales decreased by 30.4%, according to BlockShopper.com.

In August 2019, there were 87 homes sold, with a median sale price of $389,000 - a 2.4% increase over the $380,000 median sale price for the same period of the previous year. There were 125 homes sold in Germantown in August 2018.

The median sales tax in Germantown for the most recent year with available data, 2016, was $3,915, approximately 1% of the median home sale price for August 2019.

The following table compares Germantown to other Montgomery County cities with similar median sales prices in August 2019:

CityAug. 2019 Home SalesAug. 2018 Home Sales% change (Total Home Sales)Aug. 2019 Median Sales PriceAug. 2018 Median Sales Price% change (Median Sales Price)
Kemp Mill1829-37.9%$450,000$427,0005.4%
Poolesville10742.9%$439,250$625,000-29.7%
White Oak620-70%$409,650$430,000-4.7%
North Kensington1426-46.2%$399,950$440,000-9.1%
Wheaton-Glenmont4462-29%$392,450$395,000-0.6%
Germantown87125-30.4%$389,000$380,0002.4%
Calverton8633.3%$385,000$404,500-4.8%
Damascus302425%$377,500$432,500-12.7%
Burtonsville1016-37.5%$359,950$335,7507.2%
Fairland1618-11.1%$336,500$344,950-2.4%
Montgomery Village6792-27.2%$310,000$312,500-0.8%

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