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Monday, December 23, 2024

Derwood home prices fall in May 2019

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The median sale price of a home sold in May 2019 in Derwood fell by $70,000 while total sales decreased by 42.9%, according to BlockShopper.com.

In May 2019, there were 12 homes sold, with a median sale price of $430,000 - a 14% decrease over the $500,000 median sale price for the same period of the previous year. There were 21 homes sold in Derwood in May 2018.

The median sales tax in Derwood for the most recent year with available data, 2016, was $4,947, approximately 1.2% of the median home sale price for May 2019.

The following table compares Derwood 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)
Cloverly13785.7%$460,000$431,0006.7%
Fairland151315.4%$456,000$355,00028.5%
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%

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