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Sunday, November 17, 2024

Ashton-Sandy Spring home prices rise in October 2020

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The median sale price of a home sold in October 2020 in Ashton-Sandy Spring rose by $47,500 while total sales decreased by 16.7%, according to BlockShopper.com.

In October 2020, there were five homes sold, with a median sale price of $660,000 - a 7.8% increase over the $612,500 median sale price for the same period of the previous year. There were six homes sold in Ashton-Sandy Spring in October 2019.

The median sales tax in Ashton-Sandy Spring for 2020 was $6,439. In 2019, the median sales tax was $6,291. This marks an increase of 2.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1%.

The following table compares Ashton-Sandy Spring to other Montgomery County cities with similar median sales prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Dickerson20-$807,500$0-
North Potomac221283.3%$750,000$751,500-0.2%
Brookeville62200%$737,200$611,92520.5%
Cabin John12-50%$725,000$732,500-1%
Garrett Park5425%$725,000$600,00020.8%
Ashton-Sandy Spring56-16.7%$660,000$612,5007.8%
Takoma Park141040%$572,000$619,000-7.6%
Derwood201533.3%$565,500$480,00017.8%
Poolesville1213-7.7%$562,450$430,00030.8%
Olney483826.3%$540,000$487,50010.8%
Silver Spring625219.2%$528,250$504,5004.7%

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