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Wednesday, December 25, 2024

Derwood home prices rise in December 2018

Re 11

The median sale price of a home sold in December 2018 in Derwood rose by $17,000 while total sales decreased by 56.3%, according to BlockShopper.com.

In December 2018, there were seven homes sold, with a median sale price of $497,000 - a 3.5% increase over the $480,000 median sale price for the same period of the previous year. There were 16 homes sold in Derwood in December 2017.

The median sales tax in Derwood for the most recent year with available data, 2016, was $4,947, approximately 1% of the median home sale price for December 2018.

The following table compares Derwood 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)
Takoma Park136116.7%$635,000$474,50033.8%
Clarksburg812-33.3%$625,000$407,45053.4%
Garrett Park41300%$617,500$711,250-13.2%
Hillandale220%$507,500$458,20010.8%
Rockville3839-2.6%$505,000$549,000-8%
Derwood716-56.3%$497,000$480,0003.5%
Olney322528%$492,500$465,0005.9%
North Kensington14875%$482,500$549,950-12.3%
Silver Spring583756.8%$481,000$429,00012.1%
Poolesville6450%$462,500$410,00012.8%
Aspen Hill4119115.8%$455,000$410,00011%

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