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Monday, November 25, 2024

Forest Glen home prices rise in September 2018

Re 12

The median sale price of a home sold in September 2018 in Forest Glen rose by $67,500 while total sales decreased by 45.5%, according to BlockShopper.com.

In September 2018, there were six homes sold, with a median sale price of $517,500 - a 15% increase over the $450,000 median sale price for the same period of the previous year. There were 11 homes sold in Forest Glen in September 2017.

The median sales tax in Forest Glen for the most recent year with available data, 2016, was $4,425, approximately 0.9% of the median home sale price for September 2018.

The following table compares Forest Glen 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)
Laytonsville3250%$632,000$807,500-21.7%
Silver Spring3768-45.6%$550,000$468,00017.5%
Rockville4773-35.6%$549,900$560,000-1.8%
Takoma Park1421-33.3%$547,500$565,000-3.1%
Olney3252-38.5%$539,000$484,50011.2%
Forest Glen611-45.5%$517,500$450,00015%
Kemp Mill1318-27.8%$501,000$412,50021.5%
Clarksburg1534-55.9%$475,000$539,950-12%
Cloverly15966.7%$475,000$445,0006.7%
Hillandale12-50%$466,500$439,0006.3%
Gaithersburg5992-35.9%$458,000$393,75016.3%

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