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Friday, November 29, 2024

March 2021: Home prices in Damascus fell

Re 13

The median sale price of a home sold in March 2021 in Damascus fell by $82,350 while total sales decreased by 38.9%, according to BlockShopper.com.

In March 2021, there were 11 homes sold, with a median sale price of $280,650 - a 22.7% decrease over the $363,000 median sale price for the same period of the previous year. There were 18 homes sold in Damascus in March 2020.

The median sales tax in Damascus for the most recent year with available data, 2020, was $4,395, approximately 1.6% of the median home sale price for March 2021.

The following table compares Damascus to other Montgomery County cities with similar median sale prices in March 2021:

CityMar. 2021 Home SalesMar. 2020 Home Sales% change (Total Home Sales)Mar. 2021 Median Sales PriceMar. 2020 Median Sales Price% change (Median Sales Price)
Wheaton-Glenmont3445-24.4%$425,500$374,90013.5%
Aspen Hill38380%$422,250$402,0005%
North Bethesda3950-22%$397,000$469,850-15.5%
Calverton8714.3%$382,000$361,2005.8%
Fairland1317-23.5%$335,000$330,0001.5%
Montgomery Village7184-15.5%$325,000$275,00018.2%
Germantown9192-1.1%$290,000$292,450-0.8%
Damascus1118-38.9%$280,650$363,000-22.7%
Poolesville612-50%$274,000$380,201.50-27.9%
Dickerson21100%$228,000$27,500729.1%
Rossmoor1417-17.6%$210,000$280,000-25%

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