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Friday, November 15, 2024

Germantown home prices fall in January 2018

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The median sale price of a home sold in January 2018 in Germantown fell by $38,750 while total sales decreased by 34.8%, according to BlockShopper.com.

In January 2018, there were 75 homes sold, with a median sale price of $300,000 - a 11.4% decrease over the $338,750 median sale price for the same period of the previous year. There were 115 homes sold in Germantown in January 2017.

The median sales tax in Germantown for the most recent year with available data, 2016, was $3,915, approximately 1.3% of the median home sale price for January 2018.

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

CityJan. 2018 Home SalesJan. 2017 Home Sales% change (Total Home Sales)Jan. 2018 Median Sales PriceJan. 2017 Median Sales Price% change (Median Sales Price)
Gaithersburg4374-41.9%$390,000$424,850-8.2%
Damascus281855.6%$383,000$347,45010.2%
Wheaton-Glenmont5058-13.8%$350,000$350,0000%
Poolesville79-22.2%$350,000$400,000-12.5%
Calverton83166.7%$325,500$329,950-1.3%
Brinklow31200%$310,870$449,400-30.8%
Germantown75115-34.8%$300,000$338,750-11.4%
Montgomery Village5970-15.7%$299,900$287,0004.5%
Burtonsville126100%$299,000$286,2504.5%
Fairland2223-4.3%$288,000$280,0002.9%
Dickerson23-33.3%$227,450$242,000-6%

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