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Tuesday, December 24, 2024

Kemp Mill home prices rise in December 2018

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The median sale price of a home sold in December 2018 in Kemp Mill rose by $42,667 while total sales decreased by 33.3%, according to BlockShopper.com.

In December 2018, there were six homes sold, with a median sale price of $413,667 - a 11.5% increase over the $371,000 median sale price for the same period of the previous year. There were nine homes sold in Kemp Mill in December 2017.

The median sales tax in Kemp Mill for the most recent year with available data, 2016, was $4,479, approximately 1.1% of the median home sale price for December 2018.

The following table compares Kemp Mill 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)
Aspen Hill4119115.8%$455,000$410,00011%
Gaithersburg574429.5%$449,900$449,950-0%
Colesville201353.8%$442,500$458,000-3.4%
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%

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