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Friday, November 15, 2024

Derwood home prices fall in November 2018

Re 14

The median sale price of a home sold in November 2018 in Derwood fell by $9,501 while total sales increased by 57.1%, according to BlockShopper.com.

In November 2018, there were 11 homes sold, with a median sale price of $410,000 - a 2.3% decrease over the $419,501 median sale price for the same period of the previous year. There were seven homes sold in Derwood in November 2017.

The median sales tax in Derwood for the most recent year with available data, 2016, was $4,947, approximately 1.2% of the median home sale price for November 2018.

The following table compares Derwood 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)
Gaithersburg4249-14.3%$464,950$429,9008.2%
Clarksburg141216.7%$439,000$411,0006.8%
Kemp Mill89-11.1%$434,950$430,0001.2%
Aspen Hill422382.6%$424,250$398,0006.6%
Calverton35-40%$420,000$330,00027.3%
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%

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