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Thursday, November 28, 2024

Cabin John home prices fell 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 Cabin John fell by $332,500 while total sales decreased by 33.3%, according to BlockShopper.com.

From July through September of 2021, there were four homes sold, with a median sale price of $727,500 - a 31.4% decrease over the $1,060,000 median sale price for the same period of the previous year. There were six homes sold in Cabin John in the third quarter of 2020.

The median sales tax in Cabin John for the most recent year with available data, 2020, was $9,183, approximately 1.3% of the median home sale price for the third quarter of 2021.

The following table compares Cabin John 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)
Darnestown292045%$875,000$796,0009.9%
Laytonsville14955.6%$862,500$695,00024.1%
South Kensington494314%$856,550$756,00013.3%
Boyds42100%$755,500$484,95055.8%
Garrett Park10742.9%$748,750$780,000-4%
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%

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