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Thursday, November 28, 2024

The first quarter of 2021: Home prices in Hillandale increased

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The median sale price of a home sold in the first quarter of 2021 in Hillandale rose by $239,500 while total sales decreased by 20%, according to BlockShopper.com.

From January through March of 2021, there were four homes sold, with a median sale price of $662,500 - a 56.6% increase over the $423,000 median sale price for the same period of the previous year. There were five homes sold in Hillandale in the first quarter of 2020.

The median sales tax in Hillandale for the most recent year with available data, 2020, was $5,132, approximately 0.8% of the median home sale price for the first quarter of 2021.

The following table compares Hillandale 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)
South Kensington3338-13.2%$825,000$728,50013.2%
Laytonsville58-37.5%$770,000$463,00066.3%
Ashton-Sandy Spring181080%$757,500$445,75069.9%
Brookeville37-57.1%$750,000$521,00044%
Garrett Park990%$710,000$684,9503.7%
Hillandale45-20%$662,500$423,00056.6%
North Potomac363116.1%$650,000$649,9000%
Takoma Park462584%$625,000$475,00031.6%
Olney1031021%$541,000$455,00018.9%
Kemp Mill312714.8%$530,000$445,00019.1%
Colesville665226.9%$527,450$455,00015.9%

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