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Montgomery News

Thursday, November 28, 2024

Falling home prices in Garrett Park in September 2021

Re 12

The median sale price of a home sold in September 2021 in Garrett Park fell by $82,000 while total sales increased by 50%, according to BlockShopper.com.

In September 2021, there were three homes sold, with a median sale price of $1,030,000 - a 7.4% decrease over the $1,112,000 median sale price for the same period of the previous year. There were two homes sold in Garrett Park in September 2020.

The median sales tax in Garrett Park for the most recent year with available data, 2020, was $7,157, approximately 0.7% of the median home sale price for September 2021.

The following table compares Garrett Park to other Montgomery County cities with similar median sale prices in September 2021:

CitySept. 2021 Home SalesSept. 2020 Home Sales% change (Total Home Sales)Sept. 2021 Median Sales PriceSept. 2020 Median Sales Price% change (Median Sales Price)
Travilah13130%$1,400,000$1,210,00015.7%
Chevy Chase2812133.3%$1,315,000$1,235,0006.5%
Bethesda1078427.4%$1,100,000$894,00023%
Potomac625121.6%$1,061,888.50$950,00011.8%
Garrett Park3250%$1,030,000$1,112,000-7.4%
Laytonsville45-20%$932,500$592,00057.5%
Brinklow12-50%$915,000$1,375,000-33.5%
Cabin John12-50%$905,000$1,207,500-25.1%
Washington Grove10-$899,900$0-
Darnestown82300%$887,000$970,000-8.6%
Dickerson20-$887,000$0-

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