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Friday, November 29, 2024

March 2021: Fairland experienced a 1.5% increase in median home prices

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The median sale price of a home sold in March 2021 in Fairland rose by $5,000 while total sales decreased by 23.5%, according to BlockShopper.com.

In March 2021, there were 13 homes sold, with a median sale price of $335,000 - a 1.5% increase over the $330,000 median sale price for the same period of the previous year. There were 17 homes sold in Fairland in March 2020.

The median sales tax in Fairland for the most recent year with available data, 2020, was $3,377, approximately 1% of the median home sale price for March 2021.

The following table compares Fairland 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)
Gaithersburg67636.3%$452,000$400,00013%
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%

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