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Montgomery News

Tuesday, November 26, 2024

2021: Home prices in Garrett Park increased

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The median sale price of a home sold in 2021 in Garrett Park rose by $20,000 while total sales increased by 11.8%, according to BlockShopper.com.

From January through December of 2021, there were 38 homes sold, with a median sale price of $730,000 - a 2.8% increase over the $710,000 median sale price for the previous year. There were 34 homes sold in Garrett Park in 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 2021.

The following table compares Garrett Park 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)
Darnestown99936.5%$869,000$800,0008.6%
South Kensington19216516.4%$863,275$770,00012.1%
Brookeville2628-7.1%$832,500$584,95042.3%
North Potomac22817232.6%$800,500$728,00010%
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%

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