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Friday, November 15, 2024

Germantown home prices fall in June 2019

Realestate077

The median sale price of a home sold in June 2019 in Germantown fell by $24,500 while total sales increased by 30.2%, according to BlockShopper.com.

In June 2019, there were 112 homes sold, with a median sale price of $383,000 - a 6% decrease over the $407,500 median sale price for the same period of the previous year. There were 86 homes sold in Germantown in June 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 June 2019.

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

CityJune 2019 Home SalesJune 2018 Home Sales% change (Total Home Sales)June 2019 Median Sales PriceJune 2018 Median Sales Price% change (Median Sales Price)
White Oak1820-10%$456,500$385,00018.6%
Clarksburg2223-4.3%$455,500$445,0002.4%
Laytonsville46-33.3%$455,000$750,000-39.3%
Aspen Hill544325.6%$425,500$449,000-5.2%
Wheaton-Glenmont665617.9%$410,000$385,8346.3%
Germantown1128630.2%$383,000$407,500-6%
Poolesville910-10%$380,000$490,000-22.4%
Damascus2127-22.2%$365,000$360,0001.4%
Calverton8633.3%$362,500$404,500-10.4%
Burtonsville12850%$349,500$287,50021.6%
Fairland197171.4%$336,000$324,9003.4%

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