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Sunday, November 17, 2024

Damascus home prices fall in October 2018

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The median sale price of a home sold in October 2018 in Damascus fell by $3,450 while total sales decreased by 17.9%, according to BlockShopper.com.

In October 2018, there were 23 homes sold, with a median sale price of $393,000 - a 0.9% decrease over the $396,450 median sale price for the same period of the previous year. There were 28 homes sold in Damascus in October 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 October 2018.

The following table compares Damascus 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)
Clarksburg1012-16.7%$436,500$510,224.50-14.4%
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%

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