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Tuesday, November 26, 2024

The second half of 2021: Home prices in Garrett Park increased

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The median sale price of a home sold in the second half of 2021 in Garrett Park rose by $17,500 while total sales increased by 5.6%, according to BlockShopper.com.

From July through December of 2021, there were 19 homes sold, with a median sale price of $750,000 - a 2.4% increase over the $732,500 median sale price for the same period of the previous year. There were 18 homes sold in Garrett Park in the second half of 2020.

The median sales tax in Garrett Park for the most recent year with available data, 2020, was $7,157, approximately 1% of the median home sale price for the second half of 2021.

The following table compares Garrett Park to other Montgomery County cities with similar median sale prices in the second half of 2021:

CityJuly - Dec. 2021 Home SalesJuly - Dec. 2020 Home Sales% change (Total Home Sales)July - Dec. 2021 Median Sales PriceJuly - Dec. 2020 Median Sales Price% change (Median Sales Price)
South Kensington1028815.9%$872,500$786,25011%
Darnestown534517.8%$869,000$820,0006%
North Potomac12110515.2%$860,000$745,00015.4%
Boyds103233.3%$782,603.50$480,00063%
Laytonsville282040%$777,500$728,2506.8%
Garrett Park19185.6%$750,000$732,5002.4%
Takoma Park958413.1%$700,000$573,25022.1%
Dickerson5425%$699,000$667,0004.8%
Brinklow35-40%$690,300$650,0006.2%
Cabin John710-30%$665,000$961,000-30.8%
Hillandale9650%$625,000$526,50018.7%

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