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Friday, November 15, 2024

Germantown home prices rise in November 2018

Re 10

The median sale price of a home sold in November 2018 in Germantown rose by $49,900 while total sales decreased by 23.2%, according to BlockShopper.com.

In November 2018, there were 53 homes sold, with a median sale price of $369,900 - a 15.6% increase over the $320,000 median sale price for the same period of the previous year. There were 69 homes sold in Germantown in November 2017.

The median sales tax in Germantown for the most recent year with available data, 2016, was $3,915, approximately 1.1% of the median home sale price for November 2018.

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

CityNov. 2018 Home SalesNov. 2017 Home Sales% change (Total Home Sales)Nov. 2018 Median Sales PriceNov. 2017 Median Sales Price% change (Median Sales Price)
Cloverly311-72.7%$410,000$437,500-6.3%
White Oak10100%$400,000$400,500-0.1%
Poolesville6520%$394,000$492,000-19.9%
North Kensington171513.3%$375,000$352,0006.5%
Damascus1622-27.3%$370,950$384,950-3.6%
Germantown5369-23.2%$369,900$320,00015.6%
Wheaton-Glenmont4344-2.3%$365,000$365,0000%
Laytonsville16-83.3%$356,000$637,400-44.1%
Burtonsville10666.7%$344,500$302,16114%
Fairland229144.4%$337,950$352,000-4%
Boyds21100%$308,000$710,000-56.6%

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