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Montgomery News

Monday, December 23, 2024

Montgomery Village home prices rise in 2018

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The median sale price of a home sold in 2018 in Montgomery Village rose by $18,640 while total sales decreased by 0.6%, according to BlockShopper.com.

From January through December of 2018, there were 877 homes sold, with a median sale price of $313,589 - a 6.3% increase over the $294,950 median sale price for the previous year. There were 882 homes sold in Montgomery Village in 2017.

The median sales tax in Montgomery Village for the most recent year with available data, 2016, was $3,117, approximately 1% of the median home sale price for 2018.

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

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Kemp Mill152168-9.5%$439,000$410,0007.1%
Aspen Hill511522-2.1%$425,700$400,0006.4%
White Oak160184-13%$415,000$399,0004%
Calverton80800%$402,500$345,25016.6%
Boyds990%$390,000$400,000-2.5%
Damascus282309-8.7%$384,200$379,9001.1%
Wheaton-Glenmont542622-12.9%$380,000$360,0005.6%
Germantown1,0261,122-8.6%$360,000$329,4509.3%
Fairland162174-6.9%$335,000$335,0000%
Burtonsville12010217.6%$332,000$342,000-2.9%
Montgomery Village877882-0.6%$313,589$294,949.506.3%

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