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Friday, November 15, 2024

Forest Glen home prices rise in January 2018

Re 6

The median sale price of a home sold in January 2018 in Forest Glen rose by $42,250 while total sales decreased by 14.3%, according to BlockShopper.com.

In January 2018, there were six homes sold, with a median sale price of $470,000 - a 9.9% increase over the $427,750 median sale price for the same period of the previous year. There were seven homes sold in Forest Glen in January 2017.

The median sales tax in Forest Glen for the most recent year with available data, 2016, was $4,425, approximately 0.9% of the median home sale price for January 2018.

The following table compares Forest Glen 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)
Garrett Park63100%$610,500$629,000-2.9%
Takoma Park14875%$569,375$407,00039.9%
North Bethesda261844.4%$555,000$682,000-18.6%
Rockville3540-12.5%$538,000$449,00019.8%
Silver Spring5254-3.7%$494,500$525,000-5.8%
Forest Glen67-14.3%$470,000$427,7509.9%
Clarksburg251478.6%$459,000$391,25017.3%
Colesville222010%$452,500$411,25010%
Cloverly7475%$445,500$455,000-2.1%
Olney2041-51.2%$445,000$475,000-6.3%
North Kensington1620-20%$439,000$407,499.507.7%

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