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Montgomery News

Tuesday, May 21, 2024

Derwood home prices rise in March 2018

Re 4

The median sale price of a home sold in March 2018 in Derwood rose by $93,500 while total sales decreased by 8.3%, according to BlockShopper.com.

In March 2018, there were 11 homes sold, with a median sale price of $435,000 - a 27.4% increase over the $341,500 median sale price for the same period of the previous year. There were 12 homes sold in Derwood in March 2017.

The median sales tax in Derwood for the most recent year with available data, 2016, was $4,947, approximately 1.1% of the median home sale price for March 2018.

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

CityMar. 2018 Home SalesMar. 2017 Home Sales% change (Total Home Sales)Mar. 2018 Median Sales PriceMar. 2017 Median Sales Price% change (Median Sales Price)
Rockville3941-4.9%$490,000$460,0006.5%
Forest Glen89-11.1%$482,450$440,0009.6%
Clarksburg121020%$475,000$462,4952.7%
Olney2433-27.3%$463,500$470,000-1.4%
Fairland814-42.9%$441,500$381,25015.8%
Derwood1112-8.3%$435,000$341,50027.4%
White Oak1216-25%$431,650$363,50018.7%
Burtonsville67-14.3%$426,200$316,00034.9%
Calverton59-44.4%$425,000$315,00034.9%
Colesville1116-31.3%$423,150$458,000-7.6%
Aspen Hill402937.9%$419,750$385,0009%

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