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Thursday, November 28, 2024

What happened to the median home price in South Kensington during the third quarter of 2021?

Realestate3

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The median sale price of a home sold in the third quarter of 2021 in South Kensington rose by $100,550 while total sales increased by 14%, according to BlockShopper.com.

From July through September of 2021, there were 49 homes sold, with a median sale price of $856,550 - a 13.3% increase over the $756,000 median sale price for the same period of the previous year. There were 43 homes sold in South Kensington in the third quarter of 2020.

The median sales tax in South Kensington for the most recent year with available data, 2020, was $8,142, approximately 1% of the median home sale price for the third quarter of 2021.

The following table compares South Kensington 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)
Brinklow12-50%$915,000$1,375,000-33.5%
Washington Grove14-75%$899,900$531,50069.3%
North Potomac725044%$877,500$756,50016%
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%

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