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Friday, November 29, 2024

March 2021: Friendship Village experienced a 3.5% increase in median home prices

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The median sale price of a home sold in March 2021 in Friendship Village rose by $17,000 while total sales increased by 20%, according to BlockShopper.com.

In March 2021, there were six homes sold, with a median sale price of $502,000 - a 3.5% increase over the $485,000 median sale price for the same period of the previous year. There were five homes sold in Friendship Village in March 2020.

The median sales tax in Friendship Village for the most recent year with available data, 2020, was $2,877, approximately 0.6% of the median home sale price for March 2021.

The following table compares Friendship 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)
Silver Spring3560-41.7%$565,000$483,50016.9%
Olney2538-34.2%$555,000$468,95018.3%
Derwood819-57.9%$550,000$520,0005.8%
Kemp Mill147100%$537,500$440,00022.2%
Cloverly311-72.7%$509,000$465,0009.5%
Friendship Village6520%$502,000$485,0003.5%
North Kensington10911.1%$486,000$439,00010.7%
Rockville4156-26.8%$480,000$497,000-3.4%
Clarksburg1012-16.7%$472,500$462,4502.2%
White Oak121020%$452,500$411,25010%
Gaithersburg67636.3%$452,000$400,00013%

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