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Monday, November 25, 2024

Forest Glen home prices fall in August 2019

Realestate3

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Adobe Stock

The median sale price of a home sold in August 2019 in Forest Glen fell by $72,750 while total sales increased by 100%, according to BlockShopper.com.

In August 2019, there were 12 homes sold, with a median sale price of $462,250 - a 13.6% decrease over the $535,000 median sale price for the same period of the previous year. There were six homes sold in Forest Glen in August 2018.

The median sales tax in Forest Glen for the most recent year with available data, 2016, was $4,425, approximately 1% of the median home sale price for August 2019.

The following table compares Forest Glen 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)
Colesville2631-16.1%$517,500$480,0007.8%
Cloverly811-27.3%$504,950$450,00012.2%
Gaithersburg5783-31.3%$489,900$540,000-9.3%
Aspen Hill4255-23.6%$465,950$427,0009.1%
Derwood1822-18.2%$464,900$502,250-7.4%
Forest Glen126100%$462,250$535,000-13.6%
Dickerson110%$460,000$230,000100%
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%

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