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Wednesday, December 25, 2024

Fairland home prices rise in December 2018

Re 10

The median sale price of a home sold in December 2018 in Fairland rose by $6,750 while total sales increased by 23.1%, according to BlockShopper.com.

In December 2018, there were 16 homes sold, with a median sale price of $356,750 - a 1.9% increase over the $350,000 median sale price for the same period of the previous year. There were 13 homes sold in Fairland in December 2017.

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 December 2018.

The following table compares Fairland to other Montgomery County cities with similar median sales prices in December 2018:

CityDec. 2018 Home SalesDec. 2017 Home Sales% change (Total Home Sales)Dec. 2018 Median Sales PriceDec. 2017 Median Sales Price% change (Median Sales Price)
Calverton52150%$421,750$347,562.5021.3%
Kemp Mill69-33.3%$413,666.50$371,00011.5%
Cloverly13944.4%$393,900$410,000-3.9%
Forest Glen6450%$393,000$397,500-1.1%
Damascus1822-18.2%$386,000$363,8506.1%
Wheaton-Glenmont3741-9.8%$380,000$371,5002.3%
Germantown6480-20%$362,500$312,00016.2%
Ashton-Sandy Spring220%$362,500$344,0005.4%
Fairland161323.1%$356,750$350,0001.9%
Burtonsville710-30%$355,000$297,50019.3%
Montgomery Village5262-16.1%$307,000$285,0007.7%

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