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Friday, November 15, 2024

Rockville home prices fall in May 2019

Re 1

The median sale price of a home sold in May 2019 in Rockville fell by $120,000 while total sales increased by 10.4%, according to BlockShopper.com.

In May 2019, there were 53 homes sold, with a median sale price of $505,000 - a 19.2% decrease over the $625,000 median sale price for the same period of the previous year. There were 48 homes sold in Rockville in May 2018.

The median sales tax in Rockville for the most recent year with available data, 2016, was $6,949, approximately 1.4% of the median home sale price for May 2019.

The following table compares Rockville 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)
Gaithersburg86807.5%$557,000$554,9500.4%
Silver Spring67636.3%$545,000$535,0001.9%
Olney4346-6.5%$515,000$500,2502.9%
White Oak916-43.8%$510,000$415,00022.9%
Colesville2228-21.4%$509,000$479,4006.2%
Rockville534810.4%$505,000$625,000-19.2%
Clarksburg1314-7.1%$479,000$461,4503.8%
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%

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