From January through December of 2021, there were 177 homes sold, with a median sale price of $565,000 - a 22.5% increase over the $461,250 median sale price for the previous year. There were 114 homes sold in Kemp Mill in 2020.
The median sales tax in Kemp Mill for the most recent year with available data, 2020, was $4,745, approximately 0.8% of the median home sale price for 2021.
The following table compares Kemp Mill to other Montgomery County cities with similar median sale prices in 2021:
| City | Jan. - Dec. 2021 Home Sales | Jan. - Dec. 2020 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2021 Median Sales Price | Jan. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Takoma Park | 198 | 146 | 35.6% | $670,500 | $552,500 | 21.4% |
| Ashton-Sandy Spring | 83 | 55 | 50.9% | $635,000 | $608,000 | 4.4% |
| Boyds | 12 | 9 | 33.3% | $633,103.50 | $480,000 | 31.9% |
| Hillandale | 17 | 12 | 41.7% | $606,000 | $470,000 | 28.9% |
| Colesville | 303 | 259 | 17% | $580,000 | $510,000 | 13.7% |
| Kemp Mill | 177 | 114 | 55.3% | $565,000 | $461,250 | 22.5% |
| Derwood | 270 | 196 | 37.8% | $560,000 | $522,250 | 7.2% |
| Silver Spring | 858 | 658 | 30.4% | $560,000 | $513,000 | 9.2% |
| Olney | 500 | 480 | 4.2% | $555,000 | $514,850 | 7.8% |
| Cloverly | 135 | 99 | 36.4% | $554,000 | $490,000 | 13.1% |
| Rockville | 832 | 634 | 31.2% | $540,000 | $507,500 | 6.4% |
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