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Friday, November 15, 2024

Germantown home prices rise in May 2019

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The median sale price of a home sold in May 2019 in Germantown rose by $20,000 while total sales decreased by 5.5%, according to BlockShopper.com.

In May 2019, there were 103 homes sold, with a median sale price of $375,000 - a 5.6% increase over the $355,000 median sale price for the same period of the previous year. There were 109 homes sold in Germantown in May 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 May 2019.

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

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Kemp Mill219133.3%$440,000$469,000-6.2%
Poolesville990%$439,000$532,500-17.6%
Aspen Hill5565-15.4%$435,000$458,000-5%
Derwood1221-42.9%$430,000$500,000-14%
North Kensington291681.3%$430,000$445,750-3.5%
Calverton8560%$405,000$420,000-3.6%
Wheaton-Glenmont594822.9%$385,000$379,0001.6%
Damascus262313%$384,950$415,000-7.2%
Germantown103109-5.5%$375,000$355,0005.6%
Burtonsville811-27.3%$332,500$420,000-20.8%
Montgomery Village8081-1.2%$332,000$329,9000.6%

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