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Monday, November 25, 2024

North Kensington home prices rise in August 2018

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The median sale price of a home sold in August 2018 in North Kensington rose by $41,000 while total sales increased by 52.9%, according to BlockShopper.com.

In August 2018, there were 26 homes sold, with a median sale price of $440,000 - a 10.3% increase over the $399,000 median sale price for the same period of the previous year. There were 17 homes sold in North Kensington in August 2017.

The median sales tax in North Kensington for the most recent year with available data, 2016, was $4,454, approximately 1% of the median home sale price for August 2018.

The following table compares North Kensington to other Montgomery County cities with similar median sales prices in August 2018:

CityAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Derwood221546.7%$502,250$475,0005.7%
Hillandale30-$500,000$0-
Colesville31303.3%$480,000$475,0001.1%
Cloverly11837.5%$450,000$473,500-5%
Clarksburg181250%$442,500$447,500-1.1%
North Kensington261752.9%$440,000$399,00010.3%
Damascus24240%$432,500$383,337.5012.8%
White Oak201353.8%$430,000$450,000-4.4%
Kemp Mill2912141.7%$427,000$407,5004.8%
Aspen Hill5559-6.8%$427,000$395,0008.1%
Calverton69-33.3%$404,500$390,0003.7%

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