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Montgomery News

Friday, November 15, 2024

Garrett Park home prices rise in May 2019

Realestate077

The median sale price of a home sold in May 2019 in Garrett Park rose by $108,500 while total sales increased by 33.3%, according to BlockShopper.com.

In May 2019, there were four homes sold, with a median sale price of $735,500 - a 17.3% increase over the $627,000 median sale price for the same period of the previous year. There were three homes sold in Garrett Park in May 2018.

The median sales tax in Garrett Park for the most recent year with available data, 2016, was $6,247, approximately 0.8% of the median home sale price for May 2019.

The following table compares Garrett Park 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)
Travilah12850%$1,091,500$1,275,750-14.4%
Bethesda93885.7%$1,045,000$1,085,000-3.7%
Potomac6170-12.9%$885,000$913,500-3.1%
South Kensington231735.3%$837,500$807,0003.8%
North Potomac16160%$741,000$683,5008.4%
Garrett Park4333.3%$735,500$627,00017.3%
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%

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