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Montgomery News

Tuesday, November 26, 2024

How did home prices perform in Cabin John during 2021?

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The median sale price of a home sold in 2021 in Cabin John rose by $201,500 while total sales increased by 125%, according to BlockShopper.com.

From January through December of 2021, there were 27 homes sold, with a median sale price of $1,100,000 - a 22.4% increase over the $898,500 median sale price for the previous year. There were 12 homes sold in Cabin John in 2020.

The median sales tax in Cabin John for the most recent year with available data, 2020, was $9,183, approximately 0.8% of the median home sale price for 2021.

The following table compares Cabin John 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)
Chevy Chase29719750.8%$1,395,000$1,200,00016.3%
Travilah19711965.5%$1,350,000$1,180,00014.4%
Cabin John2712125%$1,100,000$898,50022.4%
Bethesda1,38197142.2%$1,075,000$952,50012.9%
Potomac85165030.9%$1,020,000$900,00013.3%
Washington Grove17-85.7%$899,900$595,00051.2%
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%

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