From July through September of 2021, there were 40 homes sold, with a median sale price of $572,500 - a 18.1% increase over the $484,950 median sale price for the same period of the previous year. There were 22 homes sold in Kemp Mill in the third quarter of 2020.
The median sales tax in Kemp Mill for the most recent year with available data, 2020, was $4,745, approximately 0.8% of the median home sale price for the third quarter of 2021.
The following table compares Kemp Mill to other Montgomery County cities with similar median sale prices in the third quarter of 2021:
| City | July - Sept. 2021 Home Sales | July - Sept. 2020 Home Sales | % change (Total Home Sales) | July - Sept. 2021 Median Sales Price | July - Sept. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Dickerson | 5 | 1 | 400% | $699,000 | $287,000 | 143.6% |
| Ashton-Sandy Spring | 26 | 16 | 62.5% | $632,500 | $517,500 | 22.2% |
| Olney | 121 | 135 | -10.4% | $625,000 | $485,000 | 28.9% |
| Colesville | 82 | 62 | 32.3% | $614,000 | $528,500 | 16.2% |
| Derwood | 82 | 44 | 86.4% | $579,000 | $524,750 | 10.3% |
| Kemp Mill | 40 | 22 | 81.8% | $572,500 | $484,950 | 18.1% |
| Cloverly | 41 | 26 | 57.7% | $570,000 | $503,000 | 13.3% |
| Rockville | 212 | 130 | 63.1% | $565,000 | $512,500 | 10.2% |
| Silver Spring | 229 | 139 | 64.7% | $560,000 | $532,000 | 5.3% |
| Clarksburg | 72 | 55 | 30.9% | $553,000 | $528,000 | 4.7% |
| White Oak | 54 | 48 | 12.5% | $539,500 | $496,000 | 8.8% |
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