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Friday, November 15, 2024

Forest Glen home prices fall in June 2019

Re 7

The median sale price of a home sold in June 2019 in Forest Glen fell by $5,000 while total sales increased by 18.2%, according to BlockShopper.com.

In June 2019, there were 13 homes sold, with a median sale price of $480,000 - a 1% decrease over the $485,000 median sale price for the same period of the previous year. There were 11 homes sold in Forest Glen in June 2018.

The median sales tax in Forest Glen for the most recent year with available data, 2016, was $4,425, approximately 0.9% of the median home sale price for June 2019.

The following table compares Forest Glen 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)
Olney4751-7.8%$550,000$498,00010.4%
North Kensington231921.1%$511,000$525,000-2.7%
Colesville332065%$505,000$427,00018.3%
Derwood231553.3%$486,000$465,0004.5%
Rockville5570-21.4%$480,000$537,750-10.7%
Forest Glen131118.2%$480,000$485,000-1%
Washington Grove110%$475,000$545,000-12.8%
Gaithersburg7585-11.8%$475,000$540,000-12%
Dickerson220%$467,500$400,85016.6%
Kemp Mill191258.3%$465,000$435,7506.7%
Cloverly15150%$460,000$466,000-1.3%

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