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Friday, November 29, 2024

Colesville home prices rose in March 2021

Re 12

The median sale price of a home sold in March 2021 in Colesville rose by $111,500 while total sales decreased by 18.2%, according to BlockShopper.com.

In March 2021, there were 18 homes sold, with a median sale price of $574,000 - a 24.1% increase over the $462,500 median sale price for the same period of the previous year. There were 22 homes sold in Colesville in March 2020.

The median sales tax in Colesville for the most recent year with available data, 2020, was $5,251, approximately 0.9% of the median home sale price for March 2021.

The following table compares Colesville 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)
North Potomac9728.6%$760,000$685,00010.9%
Garrett Park3250%$740,000$745,000-0.7%
Takoma Park167128.6%$677,500$480,00041.1%
Burtonsville46-33.3%$622,500$357,45074.2%
Forest Glen9728.6%$575,000$581,000-1%
Colesville1822-18.2%$574,000$462,50024.1%
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%

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