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Montgomery News

Tuesday, December 24, 2024

Kemp Mill home prices rise in 2018

Re 9

The median sale price of a home sold in 2018 in Kemp Mill rose by $29,000 while total sales decreased by 9.5%, according to BlockShopper.com.

From January through December of 2018, there were 152 homes sold, with a median sale price of $439,000 - a 7.1% increase over the $410,000 median sale price for the previous year. There were 168 homes sold in Kemp Mill in 2017.

The median sales tax in Kemp Mill for the most recent year with available data, 2016, was $4,479, approximately 1% of the median home sale price for 2018.

The following table compares Kemp Mill 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)
Clarksburg179194-7.7%$448,000$450,775-0.6%
Cloverly1119516.8%$445,500$435,0002.4%
Poolesville9195-4.2%$445,000$400,00011.3%
North Kensington204212-3.8%$445,000$425,0004.7%
Dickerson1319-31.6%$441,000$285,00054.7%
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%

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