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Friday, November 15, 2024

Germantown home prices fall in February 2019

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The median sale price of a home sold in February 2019 in Germantown fell by $28,500 while total sales decreased by 28.6%, according to BlockShopper.com.

In February 2019, there were 45 homes sold, with a median sale price of $303,500 - a 8.6% decrease over the $332,000 median sale price for the same period of the previous year. There were 63 homes sold in Germantown in February 2018.

The median sales tax in Germantown for the most recent year with available data, 2016, was $3,915, approximately 1.3% of the median home sale price for February 2019.

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

CityFeb. 2019 Home SalesFeb. 2018 Home Sales% change (Total Home Sales)Feb. 2019 Median Sales PriceFeb. 2018 Median Sales Price% change (Median Sales Price)
Forest Glen19-88.9%$380,000$529,900-28.3%
Cloverly46-33.3%$379,999.50$438,950-13.4%
Clarksburg711-36.4%$375,000$418,000-10.3%
North Kensington89-11.1%$372,500$430,000-13.4%
Damascus1426-46.2%$368,500$330,15011.6%
Calverton58-37.5%$343,000$306,72511.8%
Fairland990%$335,000$340,000-1.5%
Burtonsville17-85.7%$310,000$335,000-7.5%
Montgomery Village3542-16.7%$309,000$284,5008.6%
Germantown4563-28.6%$303,500$332,000-8.6%
Dickerson12-50%$272,650$483,000-43.6%

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