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Friday, November 15, 2024

Forest Glen home prices fall in April 2019

Re 4

The median sale price of a home sold in April 2019 in Forest Glen fell by $31,250 while total sales remained unchanged with eight homes sold, according to BlockShopper.com.

In April 2019, there were eight homes sold, with a median sale price of $476,250 - a 6.2% decrease over the $507,500 median sale price for the same period of the previous year. There were eight homes sold in Forest Glen in April 2018, as well.

The median sales tax in Forest Glen for the most recent year with available data, 2016, was $4,425, approximately 0.9% of the median home sale price for April 2019.

The following table compares Forest Glen 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)
Silver Spring363020%$574,224$529,4508.5%
Olney35329.4%$500,000$509,000-1.8%
Gaithersburg524710.6%$494,950$445,00011.2%
Rockville3641-12.2%$492,450$580,000-15.1%
Cloverly68-25%$481,862.50$417,50015.4%
Forest Glen880%$476,250$507,500-6.2%
Garrett Park13-66.7%$461,500$790,000-41.6%
Kemp Mill910-10%$460,000$485,000-5.2%
Hillandale10-$460,000$0-
Derwood1016-37.5%$450,500$472,520.50-4.7%
North Kensington1720-15%$450,000$456,000-1.3%

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