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Sunday, November 17, 2024

Colesville home prices rise in October 2018

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The median sale price of a home sold in October 2018 in Colesville rose by $42,000 while total sales decreased by 11.1%, according to BlockShopper.com.

In October 2018, there were 16 homes sold, with a median sale price of $477,500 - a 9.6% increase over the $435,500 median sale price for the same period of the previous year. There were 18 homes sold in Colesville in October 2017.

The median sales tax in Colesville for the most recent year with available data, 2016, was $5,084, approximately 1.1% of the median home sale price for October 2018.

The following table compares Colesville 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)
Garrett Park12-50%$525,000$1,071,500-51%
Ashton-Sandy Spring8560%$507,500$792,500-36%
Derwood221637.5%$502,250$482,5004.1%
Silver Spring594531.1%$490,000$490,0000%
Gaithersburg635710.5%$480,000$457,5004.9%
Colesville1618-11.1%$477,500$435,5009.6%
Cloverly810-20%$469,200$422,50011.1%
Rockville4960-18.3%$465,000$478,750-2.9%
Kemp Mill201442.9%$446,500$417,2507%
Aspen Hill45419.8%$440,000$430,0002.3%
North Kensington1719-10.5%$440,000$429,0002.6%

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