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Montgomery News

Tuesday, November 26, 2024

Rising home prices in Boyds in 2021

Re 10

The median sale price of a home sold in 2021 in Boyds rose by $153,104 while total sales increased by 33.3%, according to BlockShopper.com.

From January through December of 2021, there were 12 homes sold, with a median sale price of $633,104 - a 31.9% increase over the $480,000 median sale price for the previous year. There were nine homes sold in Boyds in 2020.

The median sales tax in Boyds for the most recent year with available data, 2020, was $5,155, approximately 0.8% of the median home sale price for 2021.

The following table compares Boyds to other Montgomery County cities with similar median sale prices in 2021:

CityJan. - Dec. 2021 Home SalesJan. - Dec. 2020 Home Sales% change (Total Home Sales)Jan. - Dec. 2021 Median Sales PriceJan. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Laytonsville46429.5%$772,500$712,5008.4%
Garrett Park383411.8%$730,000$710,0002.8%
Brinklow39-66.7%$690,300$630,0009.6%
Takoma Park19814635.6%$670,500$552,50021.4%
Ashton-Sandy Spring835550.9%$635,000$608,0004.4%
Boyds12933.3%$633,103.50$480,00031.9%
Hillandale171241.7%$606,000$470,00028.9%
Colesville30325917%$580,000$510,00013.7%
Kemp Mill17711455.3%$565,000$461,25022.5%
Derwood27019637.8%$560,000$522,2507.2%
Silver Spring85865830.4%$560,000$513,0009.2%

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