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Montgomery News

Tuesday, December 24, 2024

Washington Grove home prices rise in 2018

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The median sale price of a home sold in 2018 in Washington Grove rose by $145,000 while total sales increased by 40%, according to BlockShopper.com.

From January through December of 2018, there were seven homes sold, with a median sale price of $545,000 - a 36.3% increase over the $400,000 median sale price for the previous year. There were five homes sold in Washington Grove in 2017.

The median sales tax in Washington Grove for the most recent year with available data, 2016, was $5,385, approximately 1% of the median home sale price for 2018.

The following table compares Washington Grove 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)
Rossmoor5366.7%$680,000$715,000-4.9%
Laytonsville493636.1%$632,000$638,450-1%
Garrett Park373023.3%$625,000$650,000-3.8%
Ashton-Sandy Spring816622.7%$585,000$560,0004.5%
Takoma Park142154-7.8%$567,500$527,5007.6%
Washington Grove7540%$545,000$400,00036.3%
Rockville548610-10.2%$537,250$530,0001.4%
Silver Spring615638-3.6%$525,000$489,2507.3%
Olney413442-6.6%$490,000$487,0000.6%
Forest Glen897814.1%$490,000$460,0006.5%
Gaithersburg714755-5.4%$482,750$450,0007.3%

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