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Monday, November 25, 2024

Cabin John home prices rise in August 2019

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The median sale price of a home sold in August 2019 in Cabin John rose by $527,000 while total sales decreased by 50%, according to BlockShopper.com.

In August 2019, there were two homes sold, with a median sale price of $1,672,000 - a 46% increase over the $1,145,000 median sale price for the same period of the previous year. There were four homes sold in Cabin John in August 2018.

The median sales tax in Cabin John for the most recent year with available data, 2016, was $9,587, approximately 0.6% of the median home sale price for August 2019.

The following table compares Cabin John 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)
Cabin John24-50%$1,672,000$1,145,00046%
Chevy Chase1931-38.7%$1,169,000$1,260,000-7.2%
Potomac6178-21.8%$1,130,000$980,50015.2%
Bethesda85841.2%$1,093,625$1,015,566.507.7%
South Kensington1722-22.7%$928,500$747,49524.2%
Travilah1622-27.3%$915,500$1,154,500-20.7%
Boyds40-$870,656.50$0-
Brookeville45-20%$781,250$759,0002.9%
North Potomac1728-39.3%$771,000$754,0002.3%
Rossmoor10-$740,000$0-
Ashton-Sandy Spring511-54.5%$723,150$710,0001.9%

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