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Montgomery News

Tuesday, May 21, 2024

South Kensington home prices fall in March 2018

Realestate2

The median sale price of a home sold in March 2018 in South Kensington fell by $102,500 while total sales decreased by 28.6%, according to BlockShopper.com.

In March 2018, there were 10 homes sold, with a median sale price of $610,000 - a 14.4% decrease over the $712,500 median sale price for the same period of the previous year. There were 14 homes sold in South Kensington in March 2017.

The median sales tax in South Kensington for the most recent year with available data, 2016, was $7,536, approximately 1.2% of the median home sale price for March 2018.

The following table compares South Kensington 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)
Chevy Chase161233.3%$900,000$1,219,950-26.2%
Cabin John21100%$793,500$785,0001.1%
Garrett Park24-50%$727,500$695,8004.6%
Rossmoor10-$680,000$0-
North Bethesda161414.3%$650,000$755,000-13.9%
South Kensington1014-28.6%$610,000$712,500-14.4%
North Potomac1011-9.1%$607,450$705,000-13.8%
Silver Spring3448-29.2%$535,450$462,00015.9%
Ashton-Sandy Spring23-33.3%$531,500$469,90013.1%
Takoma Park11922.2%$508,100$352,50044.1%
Laytonsville330%$500,000$690,000-27.5%

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