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Friday, November 29, 2024

March 2021: Garrett Park experienced a 0.7% drop in median home prices

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The median sale price of a home sold in March 2021 in Garrett Park fell by $5,000 while total sales increased by 50%, according to BlockShopper.com.

In March 2021, there were three homes sold, with a median sale price of $740,000 - a 0.7% decrease over the $745,000 median sale price for the same period of the previous year. There were two homes sold in Garrett Park in March 2020.

The median sales tax in Garrett Park for the most recent year with available data, 2020, was $7,157, approximately 1% of the median home sale price for March 2021.

The following table compares Garrett Park 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)
Brookeville13-66.7%$839,000$750,00011.9%
Laytonsville12-50%$816,000$655,50024.5%
Ashton-Sandy Spring41300%$782,500$466,50067.7%
South Kensington513-61.5%$775,000$716,0008.2%
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%

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