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Thursday, November 28, 2024

Falling home prices in Forest Glen in the third quarter of 2021

Realestate2

The median sale price of a home sold in the third quarter of 2021 in Forest Glen fell by $15,000 while total sales increased by 82.6%, according to BlockShopper.com.

From July through September of 2021, there were 42 homes sold, with a median sale price of $525,000 - a 2.8% decrease over the $540,000 median sale price for the same period of the previous year. There were 23 homes sold in Forest Glen in the third quarter of 2020.

The median sales tax in Forest Glen for the most recent year with available data, 2020, was $4,880, approximately 0.9% of the median home sale price for the third quarter of 2021.

The following table compares Forest Glen to other Montgomery County cities with similar median sale prices in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Rockville21213063.1%$565,000$512,50010.2%
Silver Spring22913964.7%$560,000$532,0005.3%
Clarksburg725530.9%$553,000$528,0004.7%
White Oak544812.5%$539,500$496,0008.8%
North Kensington654835.4%$530,000$509,2504.1%
Forest Glen422382.6%$525,000$540,000-2.8%
Burtonsville4514221.4%$510,000$388,35031.3%
North Bethesda26017945.3%$487,500$489,000-0.3%
Gaithersburg31123134.6%$485,000$435,00011.5%
Poolesville322623.1%$477,500$515,000-7.3%
Aspen Hill21614153.2%$470,000$430,0009.3%

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