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Sunday, November 24, 2024

Germantown home prices rose in August 2021

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The median sale price of a home sold in August 2021 in Germantown rose by $47,500 while total sales increased by 59.4%, according to BlockShopper.com.

In August 2021, there were 169 homes sold, with a median sale price of $380,000 - a 14.3% increase over the $332,500 median sale price for the same period of the previous year. There were 106 homes sold in Germantown in August 2020.

The median sales tax in Germantown for the most recent year with available data, 2020, was $3,515, approximately 0.9% of the median home sale price for August 2021.

The following table compares Germantown to other Montgomery County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Poolesville165220%$492,500$462,5006.5%
Wheaton-Glenmont664450%$466,500$421,50010.7%
Dickerson21100%$463,500$287,00061.5%
Gaithersburg1037439.2%$460,000$495,000-7.1%
Hillandale12-50%$420,000$700,000-40%
Burtonsville184350%$408,000$432,500-5.7%
Calverton8633.3%$406,375$389,9504.2%
Germantown16910659.4%$380,000$332,50014.3%
Montgomery Village1308552.9%$377,000$336,00012.2%
Fairland2129-27.6%$360,000$352,0002.3%
Rossmoor191258.3%$330,000$230,00043.5%

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