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Monday, December 23, 2024

Forest Glen home prices rise in May 2019

Realestate1

The median sale price of a home sold in May 2019 in Forest Glen rose by $143,500 while total sales decreased by 20%, according to BlockShopper.com.

In May 2019, there were eight homes sold, with a median sale price of $581,000 - a 32.8% increase over the $437,500 median sale price for the same period of the previous year. There were 10 homes sold in Forest Glen in May 2018.

The median sales tax in Forest Glen for the most recent year with available data, 2016, was $4,425, approximately 0.8% of the median home sale price for May 2019.

The following table compares Forest Glen 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)
North Bethesda393318.2%$710,000$740,000-4.1%
Darnestown712-41.7%$664,900$880,000-24.4%
Laytonsville410-60%$646,200$632,0922.2%
Takoma Park161414.3%$621,000$551,10012.7%
Ashton-Sandy Spring35-40%$595,000$484,50022.8%
Forest Glen810-20%$581,000$437,50032.8%
Brookeville42100%$560,000$693,750-19.3%
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%

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