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Friday, November 29, 2024

The first quarter of 2021: Home prices in Friendship Village fell

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The median sale price of a home sold in the first quarter of 2021 in Friendship Village fell by $72,500 while total sales decreased by 36.4%, according to BlockShopper.com.

From January through March of 2021, there were 14 homes sold, with a median sale price of $389,500 - a 15.7% decrease over the $462,000 median sale price for the same period of the previous year. There were 22 homes sold in Friendship Village in the first quarter of 2020.

The median sales tax in Friendship Village for the most recent year with available data, 2020, was $2,877, approximately 0.7% of the median home sale price for the first quarter of 2021.

The following table compares Friendship Village to other Montgomery County cities with similar median sale prices in the first quarter of 2021:

CityJan. - Mar. 2021 Home SalesJan. - Mar. 2020 Home Sales% change (Total Home Sales)Jan. - Mar. 2021 Median Sales PriceJan. - Mar. 2020 Median Sales Price% change (Median Sales Price)
Forest Glen281947.4%$448,750$500,000-10.3%
Aspen Hill1311300.8%$436,000$387,50012.5%
Wheaton-Glenmont121132-8.3%$425,000$384,00010.7%
North Bethesda1661566.4%$410,000$431,250-4.9%
Damascus706016.7%$404,750$377,5007.2%
Friendship Village1422-36.4%$389,500$462,000-15.7%
Burtonsville261936.8%$361,050$339,9006.2%
Poolesville1824-25%$357,500$330,201.508.3%
Calverton23230%$350,000$364,600-4%
Germantown3363330.9%$340,000$305,00011.5%
Montgomery Village242251-3.6%$320,000$292,0009.6%

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