In October 2020, there were 20 homes sold, with a median sale price of $565,500 - a 17.8% increase over the $480,000 median sale price for the same period of the previous year. There were 15 homes sold in Derwood in October 2019.
The median sales tax in Derwood for 2020 was $5,150. In 2019, the median sales tax was $5,042. This marks an increase of 2.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.9%.
The following table compares Derwood to other Montgomery County cities with similar median sales prices in October 2020:
| City | Oct. 2020 Home Sales | Oct. 2019 Home Sales | % change (Total Home Sales) | Oct. 2020 Median Sales Price | Oct. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Brookeville | 6 | 2 | 200% | $737,200 | $611,925 | 20.5% |
| Cabin John | 1 | 2 | -50% | $725,000 | $732,500 | -1% |
| Garrett Park | 5 | 4 | 25% | $725,000 | $600,000 | 20.8% |
| Ashton-Sandy Spring | 5 | 6 | -16.7% | $660,000 | $612,500 | 7.8% |
| Takoma Park | 14 | 10 | 40% | $572,000 | $619,000 | -7.6% |
| Derwood | 20 | 15 | 33.3% | $565,500 | $480,000 | 17.8% |
| Poolesville | 12 | 13 | -7.7% | $562,450 | $430,000 | 30.8% |
| Olney | 48 | 38 | 26.3% | $540,000 | $487,500 | 10.8% |
| Silver Spring | 62 | 52 | 19.2% | $528,250 | $504,500 | 4.7% |
| Cloverly | 9 | 17 | -47.1% | $520,000 | $450,000 | 15.6% |
| North Bethesda | 52 | 27 | 92.6% | $516,000 | $630,000 | -18.1% |
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