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Friday, November 15, 2024

Montgomery Village home prices rise in March 2019

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The median sale price of a home sold in March 2019 in Montgomery Village rose by $4,000 while total sales increased by 30%, according to BlockShopper.com.

In March 2019, there were 65 homes sold, with a median sale price of $294,000 - a 1.4% increase over the $290,000 median sale price for the same period of the previous year. There were 50 homes sold in Montgomery Village in March 2018.

The median sales tax in Montgomery Village for the most recent year with available data, 2016, was $3,117, approximately 1.1% of the median home sale price for March 2019.

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

CityMar. 2019 Home SalesMar. 2018 Home Sales% change (Total Home Sales)Mar. 2019 Median Sales PriceMar. 2018 Median Sales Price% change (Median Sales Price)
Clarksburg1112-8.3%$405,000$475,000-14.7%
Damascus201811.1%$394,950$381,038.503.7%
Wheaton-Glenmont382646.2%$394,000$351,45012.1%
Kemp Mill121020%$388,000$407,500-4.8%
White Oak612-50%$385,000$431,650-10.8%
Fairland11837.5%$382,000$441,500-13.5%
Poolesville52150%$360,000$409,000-12%
Burtonsville11683.3%$355,000$426,200-16.7%
Germantown6877-11.7%$323,750$342,900-5.6%
Montgomery Village655030%$294,000$290,0001.4%
Washington Grove110%$255,000$398,000-35.9%

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