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Montgomery News

Monday, November 25, 2024

Germantown home prices rise in September 2018

Realestate077

The median sale price of a home sold in September 2018 in Germantown rose by $25,291 while total sales decreased by 26.1%, according to BlockShopper.com.

In September 2018, there were 102 homes sold, with a median sale price of $347,791 - a 7.8% increase over the $322,500 median sale price for the same period of the previous year. There were 138 homes sold in Germantown in September 2017.

The median sales tax in Germantown for the most recent year with available data, 2016, was $3,915, approximately 1.1% of the median home sale price for September 2018.

The following table compares Germantown 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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