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Friday, November 15, 2024

Germantown home prices fall in April 2019

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The median sale price of a home sold in April 2019 in Germantown fell by $4,000 while total sales decreased by 11%, according to BlockShopper.com.

In April 2019, there were 65 homes sold, with a median sale price of $323,000 - a 1.2% decrease over the $327,000 median sale price for the same period of the previous year. There were 73 homes sold in Germantown in April 2018.

The median sales tax in Germantown for the most recent year with available data, 2016, was $3,915, approximately 1.2% of the median home sale price for April 2019.

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

CityApr. 2019 Home SalesApr. 2018 Home Sales% change (Total Home Sales)Apr. 2019 Median Sales PriceApr. 2018 Median Sales Price% change (Median Sales Price)
White Oak414-71.4%$414,000$390,0006.2%
Wheaton-Glenmont3840-5%$390,000$395,000-1.3%
Damascus241650%$385,000$321,90019.6%
Burtonsville37-57.1%$361,660$318,00013.7%
Fairland10911.1%$351,500$355,000-1%
Germantown6573-11%$323,000$327,000-1.2%
Dickerson21100%$311,250$245,00027%
Poolesville84100%$307,500$408,749.50-24.8%
Montgomery Village7281-11.1%$300,000$318,000-5.7%
Brookeville110%$280,000$790,000-64.6%
Ashton-Sandy Spring37-57.1%$270,000$373,500-27.7%

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