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Sunday, November 17, 2024

Germantown home prices rise in October 2018

Realestate5

The median sale price of a home sold in October 2018 in Germantown rose by $1,000 while total sales increased by 10.8%, according to BlockShopper.com.

In October 2018, there were 103 homes sold, with a median sale price of $341,000 - a 0.3% increase over the $340,000 median sale price for the same period of the previous year. There were 93 homes sold in Germantown in October 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 October 2018.

The following table compares Germantown 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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