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Saturday, November 16, 2024

Damascus home prices fall in November 2018

Realestate5

The median sale price of a home sold in November 2018 in Damascus fell by $14,000 while total sales decreased by 27.3%, according to BlockShopper.com.

In November 2018, there were 16 homes sold, with a median sale price of $370,950 - a 3.6% decrease over the $384,950 median sale price for the same period of the previous year. There were 22 homes sold in Damascus in November 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 November 2018.

The following table compares Damascus 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)
Derwood11757.1%$410,000$419,501-2.3%
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%

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