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Thursday, November 28, 2024

Median home prices in Colesville rose to $614,000 in the third quarter of 2021

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The median sale price of a home sold in the third quarter of 2021 in Colesville rose by $85,500 while total sales increased by 32.3%, according to BlockShopper.com.

From July through September of 2021, there were 82 homes sold, with a median sale price of $614,000 - a 16.2% increase over the $528,500 median sale price for the same period of the previous year. There were 62 homes sold in Colesville in the third quarter of 2020.

The median sales tax in Colesville for the most recent year with available data, 2020, was $5,251, approximately 0.9% of the median home sale price for the third quarter of 2021.

The following table compares Colesville 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)
Cabin John46-33.3%$727,500$1,060,000-31.4%
Takoma Park513834.2%$707,500$577,50022.5%
Dickerson51400%$699,000$287,000143.6%
Ashton-Sandy Spring261662.5%$632,500$517,50022.2%
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%

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