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Saturday, November 16, 2024

Forest Glen home prices rise in November 2018

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The median sale price of a home sold in November 2018 in Forest Glen rose by $58,500 while total sales increased by 50%, according to BlockShopper.com.

In November 2018, there were six homes sold, with a median sale price of $551,000 - a 11.9% increase over the $492,500 median sale price for the same period of the previous year. There were four homes sold in Forest Glen in November 2017.

The median sales tax in Forest Glen for the most recent year with available data, 2016, was $4,425, approximately 0.8% of the median home sale price for November 2018.

The following table compares Forest Glen 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)
North Bethesda1322-40.9%$700,000$637,0009.9%
Cabin John10-$699,000$0-
Garrett Park30-$595,479$0-
Takoma Park13862.5%$589,000$531,00010.9%
Rockville3743-14%$582,000$459,00026.8%
Forest Glen6450%$551,000$492,50011.9%
Silver Spring4146-10.9%$515,000$452,45013.8%
Ashton-Sandy Spring5425%$510,000$407,45025.2%
Colesville20195.3%$507,000$415,00022.2%
Hillandale40-$496,700$0-
Olney332343.5%$470,000$490,000-4.1%

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