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Thursday, November 28, 2024

Pricing for the median home in Rockville increased during the third quarter of 2021

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The median sale price of a home sold in the third quarter of 2021 in Rockville rose by $52,500 while total sales increased by 63.1%, according to BlockShopper.com.

From July through September of 2021, there were 212 homes sold, with a median sale price of $565,000 - a 10.2% increase over the $512,500 median sale price for the same period of the previous year. There were 130 homes sold in Rockville in the third quarter of 2020.

The median sales tax in Rockville for the most recent year with available data, 2020, was $6,455, approximately 1.1% of the median home sale price for the third quarter of 2021.

The following table compares Rockville 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)
Olney121135-10.4%$625,000$485,00028.9%
Colesville826232.3%$614,000$528,50016.2%
Derwood824486.4%$579,000$524,75010.3%
Kemp Mill402281.8%$572,500$484,95018.1%
Cloverly412657.7%$570,000$503,00013.3%
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%

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