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Montgomery News

Tuesday, November 26, 2024

Cabin John home prices fell in the fourth quarter of 2021

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The median sale price of a home sold in the fourth quarter of 2021 in Cabin John fell by $158,500 while total sales decreased by 25%, according to BlockShopper.com.

From October through December of 2021, there were three homes sold, with a median sale price of $665,000 - a 19.2% decrease over the $823,500 median sale price for the same period of the previous year. There were four homes sold in Cabin John in the fourth quarter of 2020.

The median sales tax in Cabin John for the most recent year with available data, 2020, was $9,183, approximately 1.4% of the median home sale price for the fourth quarter of 2021.

The following table compares Cabin John to other Montgomery County cities with similar median sale prices in the fourth quarter of 2021:

CityOct. - Dec. 2021 Home SalesOct. - Dec. 2020 Home Sales% change (Total Home Sales)Oct. - Dec. 2021 Median Sales PriceOct. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Boyds61500%$782,603.50$275,000184.6%
Brookeville510-50%$770,000$678,45013.5%
Garrett Park911-18.2%$750,000$715,0004.9%
Laytonsville141127.3%$737,500$765,000-3.6%
Takoma Park4346-6.5%$700,000$573,25022.1%
Cabin John34-25%$665,000$823,500-19.2%
Brinklow23-33.3%$657,650$630,0004.4%
Hillandale63100%$637,500$475,00034.2%
Ashton-Sandy Spring1316-18.8%$612,000$680,000-10%
Colesville79790%$590,000$530,00011.3%
Clarksburg58571.8%$575,000$558,0003%

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