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Monday, December 23, 2024

Damascus home prices rise in December 2018

Re 1

The median sale price of a home sold in December 2018 in Damascus rose by $22,150 while total sales decreased by 18.2%, according to BlockShopper.com.

In December 2018, there were 18 homes sold, with a median sale price of $386,000 - a 6.1% increase over the $363,850 median sale price for the same period of the previous year. There were 22 homes sold in Damascus in December 2017.

The median sales tax in Damascus for the most recent year with available data, 2016, was $4,157, approximately 1.1% of the median home sale price for December 2018.

The following table compares Damascus 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)
White Oak618-66.7%$427,500$411,5003.9%
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%

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