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Sunday, November 17, 2024

Ashton-Sandy Spring home prices fall in October 2018

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The median sale price of a home sold in October 2018 in Ashton-Sandy Spring fell by $285,000 while total sales increased by 60%, according to BlockShopper.com.

In October 2018, there were eight homes sold, with a median sale price of $507,500 - a 36% decrease over the $792,500 median sale price for the same period of the previous year. There were five homes sold in Ashton-Sandy Spring in October 2017.

The median sales tax in Ashton-Sandy Spring for the most recent year with available data, 2016, was $6,374, approximately 1.3% of the median home sale price for October 2018.

The following table compares Ashton-Sandy Spring 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)
Brookeville110%$566,000$360,00057.2%
Takoma Park915-40%$540,000$480,00012.5%
Olney2734-20.6%$540,000$500,0008%
Rossmoor20-$538,000$0-
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%

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