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Friday, November 15, 2024

Derwood home prices rise in June 2019

Realestate5

The median sale price of a home sold in June 2019 in Derwood rose by $21,000 while total sales increased by 53.3%, according to BlockShopper.com.

In June 2019, there were 23 homes sold, with a median sale price of $486,000 - a 4.5% increase over the $465,000 median sale price for the same period of the previous year. There were 15 homes sold in Derwood in June 2018.

The median sales tax in Derwood for the most recent year with available data, 2016, was $4,947, approximately 1% of the median home sale price for June 2019.

The following table compares Derwood 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)
Ashton-Sandy Spring14137.7%$630,000$609,0003.4%
Silver Spring71676%$589,000$541,0008.9%
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%

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