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Friday, November 29, 2024

Median home prices in South Kensington rose to $825,000 in the first quarter of 2021

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The median sale price of a home sold in the first quarter of 2021 in South Kensington rose by $96,500 while total sales decreased by 13.2%, according to BlockShopper.com.

From January through March of 2021, there were 33 homes sold, with a median sale price of $825,000 - a 13.2% increase over the $728,500 median sale price for the same period of the previous year. There were 38 homes sold in South Kensington in the first quarter of 2020.

The median sales tax in South Kensington for the most recent year with available data, 2020, was $8,142, approximately 1% of the median home sale price for the first quarter of 2021.

The following table compares South Kensington 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)
Chevy Chase5256-7.1%$1,260,000$1,223,7503%
Cabin John61500%$1,239,000$850,00045.8%
Potomac16614018.6%$1,005,000$877,00014.6%
Bethesda24818534.1%$993,750$940,0005.7%
Darnestown2125-16%$825,000$760,0008.6%
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%

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