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Montgomery News

Sunday, November 17, 2024

South Kensington home prices fall in October 2018

Realestate077

The median sale price of a home sold in October 2018 in South Kensington fell by $95,000 while total sales increased by 36.4%, according to BlockShopper.com.

In October 2018, there were 15 homes sold, with a median sale price of $655,000 - a 12.7% decrease over the $750,000 median sale price for the same period of the previous year. There were 11 homes sold in South Kensington in October 2017.

The median sales tax in South Kensington for the most recent year with available data, 2016, was $7,536, approximately 1.2% of the median home sale price for October 2018.

The following table compares South Kensington 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)
Chevy Chase17170%$949,000$1,000,000-5.1%
Bethesda615217.3%$937,000$907,5003.3%
Potomac433043.3%$810,000$866,000-6.5%
Darnestown5425%$794,000$594,50033.6%
Dickerson110%$729,000$260,000180.4%
South Kensington151136.4%$655,000$750,000-12.7%
North Potomac1115-26.7%$646,000$749,000-13.8%
North Bethesda20200%$626,625$650,000-3.6%
Laytonsville6450%$621,250$307,500102%
Brookeville110%$566,000$360,00057.2%
Takoma Park915-40%$540,000$480,00012.5%

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