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Saturday, November 23, 2024

May: Wheaton-Glenmont experienced a 6.7% increase in median home prices

Realestate1

The median sale price of a home sold in May in Wheaton-Glenmont rose by $30,000 while total sales remained unchanged with 53 homes sold, according to BlockShopper.com.

In May, there were 53 homes sold, with a median sale price of $480,000 - a 6.7 percent increase over the $450,000 median sale price for the same period of the previous year. There were 53 homes sold in Wheaton-Glenmont in May 2021, as well.

The median sales tax in Wheaton-Glenmont for the most recent year with available data, 2020, was $4,141, approximately 0.9 percent of the median home sale price for May.

The following table compares Wheaton-Glenmont to other Montgomery County cities with similar median sale prices in May:

CityMay 2022 Home SalesMay 2021 Home Sales% change (Total Home Sales)May 2022 Median Sales PriceMay 2021 Median Sales Price% change (Median Sales Price)
Aspen Hill64606.7$520,000$442,50017.5
North Bethesda6672-8.3$516,000$570,000-9.5
Burtonsville712-41.7$515,000$422,50021.9
Ashton-Sandy Spring6450$515,000$416,50023.6
Gaithersburg97103-5.8$481,500$471,0002.2
Wheaton-Glenmont53530$480,000$450,0006.7
Damascus1347-72.3$457,500$445,0002.8
Friendship Village440$450,000$255,00076.5
Germantown122152-19.7$435,000$383,25013.5
Calverton710-30$426,500$470,500-9.4
Fairland211910.5$416,500$390,0006.8

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