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Monday, November 25, 2024

Fairland home prices fall in September 2018

Re 11

The median sale price of a home sold in September 2018 in Fairland fell by $39,000 while total sales decreased by 10.5%, according to BlockShopper.com.

In September 2018, there were 17 homes sold, with a median sale price of $325,000 - a 10.7% decrease over the $364,000 median sale price for the same period of the previous year. There were 19 homes sold in Fairland in September 2017.

The median sales tax in Fairland for the most recent year with available data, 2016, was $4,212, approximately 1.3% of the median home sale price for September 2018.

The following table compares Fairland to other Montgomery County cities with similar median sales prices in September 2018:

CitySept. 2018 Home SalesSept. 2017 Home Sales% change (Total Home Sales)Sept. 2018 Median Sales PriceSept. 2017 Median Sales Price% change (Median Sales Price)
Colesville2536-30.6%$426,000$485,000-12.2%
White Oak1420-30%$420,000$418,5000.4%
Calverton1111000%$405,000$381,0006.3%
Poolesville13130%$402,500$468,000-14%
Wheaton-Glenmont4672-36.1%$393,500$355,75010.6%
Washington Grove10-$387,000$0-
Damascus3133-6.1%$364,000$386,000-5.7%
Germantown102138-26.1%$347,791$322,5007.8%
Burtonsville16977.8%$330,750$373,000-11.3%
Fairland1719-10.5%$325,000$364,000-10.7%
Montgomery Village94107-12.1%$320,000$302,5005.8%

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