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Monday, November 25, 2024

Rockville home prices fall in August 2018

Realestate4

The median sale price of a home sold in August 2018 in Rockville fell by $94,000 while total sales increased by 17%, according to BlockShopper.com.

In August 2018, there were 55 homes sold, with a median sale price of $542,000 - a 14.8% decrease over the $636,000 median sale price for the same period of the previous year. There were 47 homes sold in Rockville in August 2017.

The median sales tax in Rockville for the most recent year with available data, 2016, was $6,949, approximately 1.3% of the median home sale price for August 2018.

The following table compares Rockville 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)
Ashton-Sandy Spring11757.1%$710,000$650,0009.2%
North Bethesda373215.6%$710,000$737,000-3.7%
Poolesville770%$625,000$425,00047.1%
Laytonsville13-66.7%$560,000$695,000-19.4%
Takoma Park141127.3%$547,500$560,000-2.2%
Rockville554717%$542,000$636,000-14.8%
Gaithersburg8384-1.2%$540,000$499,9908%
Forest Glen67-14.3%$535,000$504,0006.2%
Silver Spring684261.9%$525,000$532,887.50-1.5%
Olney4551-11.8%$504,950$490,0003.1%
Derwood221546.7%$502,250$475,0005.7%

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