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Montgomery News

Thursday, December 26, 2024

Cabin John home prices rise in 2018

Re 5

The median sale price of a home sold in 2018 in Cabin John rose by $235,000 while total sales increased by 22.7%, according to BlockShopper.com.

From January through December of 2018, there were 27 homes sold, with a median sale price of $1,070,000 - a 28.1% increase over the $835,000 median sale price for the previous year. There were 22 homes sold in Cabin John in 2017.

The median sales tax in Cabin John for the most recent year with available data, 2016, was $9,587, approximately 0.9% of the median home sale price for 2018.

The following table compares Cabin John 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)
Chevy Chase214218-1.8%$1,162,500$1,152,4500.9%
Cabin John272222.7%$1,070,000$835,00028.1%
Travilah134142-5.6%$1,050,000$1,047,5000.2%
Bethesda874924-5.4%$996,500$950,0004.9%
Potomac60051416.7%$900,000$900,0000%
South Kensington17014517.2%$756,250$730,0003.6%
Brookeville24240%$754,500$646,75016.7%
Darnestown857218.1%$740,000$742,500-0.3%
North Bethesda2952815%$712,000$695,0002.4%
North Potomac1851774.5%$685,000$690,000-0.7%
Rossmoor5366.7%$680,000$715,000-4.9%

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