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Montgomery News

Tuesday, December 24, 2024

Damascus home prices rise in 2018

Re 9

The median sale price of a home sold in 2018 in Damascus rose by $4,300 while total sales decreased by 8.7%, according to BlockShopper.com.

From January through December of 2018, there were 282 homes sold, with a median sale price of $384,200 - a 1.1% increase over the $379,900 median sale price for the previous year. There were 309 homes sold in Damascus in 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 2018.

The following table compares Damascus 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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