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Friday, November 29, 2024

How did home prices perform in White Oak during the first quarter of 2021?

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The median sale price of a home sold in the first quarter of 2021 in White Oak rose by $46,000 while total sales increased by 15.8%, according to BlockShopper.com.

From January through March of 2021, there were 44 homes sold, with a median sale price of $485,500 - a 10.5% increase over the $439,500 median sale price for the same period of the previous year. There were 38 homes sold in White Oak in the first quarter of 2020.

The median sales tax in White Oak for the most recent year with available data, 2020, was $4,665, approximately 1% of the median home sale price for the first quarter of 2021.

The following table compares White Oak 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)
North Kensington40378.1%$520,000$445,00016.9%
Silver Spring147157-6.4%$520,000$449,00015.8%
Cloverly1929-34.5%$506,000$470,0007.7%
Rockville152159-4.4%$499,950$480,0004.2%
Derwood4349-12.2%$490,000$520,000-5.8%
White Oak443815.8%$485,500$439,50010.5%
Clarksburg413036.7%$474,900$432,5009.8%
Gaithersburg22419813.1%$454,000$405,277.5012%
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%

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