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Friday, November 15, 2024

Damascus home prices rise in January 2018

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The median sale price of a home sold in January 2018 in Damascus rose by $35,550 while total sales increased by 55.6%, according to BlockShopper.com.

In January 2018, there were 28 homes sold, with a median sale price of $383,000 - a 10.2% increase over the $347,450 median sale price for the same period of the previous year. There were 18 homes sold in Damascus in January 2017.

The median sales tax in Damascus for the most recent year with available data, 2016, was $4,157, approximately 1.1% of the median home sale price for January 2018.

The following table compares Damascus 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)
Aspen Hill3643-16.3%$407,000$398,0002.3%
White Oak1421-33.3%$404,000$380,0006.3%
Boyds10-$399,900$0-
Derwood1015-33.3%$391,250$455,000-14%
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%

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