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Friday, November 15, 2024

Fairland home prices fall in April 2019

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The median sale price of a home sold in April 2019 in Fairland fell by $3,500 while total sales increased by 11.1%, according to BlockShopper.com.

In April 2019, there were 10 homes sold, with a median sale price of $351,500 - a 1% decrease over the $355,000 median sale price for the same period of the previous year. There were nine homes sold in Fairland in April 2018.

The median sales tax in Fairland for the most recent year with available data, 2016, was $4,212, approximately 1.2% of the median home sale price for April 2019.

The following table compares Fairland 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)
Aspen Hill312810.7%$415,000$397,5004.4%
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%

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