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Sunday, November 17, 2024

Montgomery Village home prices rise in October 2018

Re 12

The median sale price of a home sold in October 2018 in Montgomery Village rose by $36,000 while total sales increased by 40.5%, according to BlockShopper.com.

In October 2018, there were 118 homes sold, with a median sale price of $320,000 - a 12.7% increase over the $284,000 median sale price for the same period of the previous year. There were 84 homes sold in Montgomery Village in October 2017.

The median sales tax in Montgomery Village for the most recent year with available data, 2016, was $3,117, approximately 1% of the median home sale price for October 2018.

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

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Hillandale110%$430,000$354,00021.5%
Forest Glen550%$420,000$480,000-12.5%
White Oak11110%$408,000$385,0006%
Wheaton-Glenmont49458.9%$400,670$366,5009.3%
Damascus2328-17.9%$393,000$396,450-0.9%
Calverton10742.9%$388,750$345,00012.7%
Boyds21100%$367,500$845,000-56.5%
Fairland1011-9.1%$361,500$325,00011.2%
Burtonsville610-40%$345,450$364,500-5.2%
Germantown1039310.8%$341,000$340,0000.3%
Montgomery Village1188440.5%$320,000$284,00012.7%

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