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Friday, November 29, 2024

What happened to the median home price in Montgomery Village during March 2021?

Realestate4

The median sale price of a home sold in March 2021 in Montgomery Village rose by $50,000 while total sales decreased by 15.5%, according to BlockShopper.com.

In March 2021, there were 71 homes sold, with a median sale price of $325,000 - a 18.2% increase over the $275,000 median sale price for the same period of the previous year. There were 84 homes sold in Montgomery Village in March 2020.

The median sales tax in Montgomery Village for the most recent year with available data, 2020, was $3,206, approximately 1% of the median home sale price for March 2021.

The following table compares Montgomery Village 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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