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Saturday, November 2, 2024

Pricing for the median home in Friendship Village increased during May

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The median sale price of a home sold in May in Friendship Village rose by $195,000 while total sales remained unchanged with four homes sold, according to BlockShopper.com.

In May, there were four homes sold, with a median sale price of $450,000 - a 76.5 percent increase over the $255,000 median sale price for the same period of the previous year. There were four homes sold in Friendship Village in May 2021, as well.

The median sales tax in Friendship Village for the most recent year with available data, 2020, was $2,877, approximately 0.6 percent of the median home sale price for May.

The following table compares Friendship Village 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)
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
Poolesville1115-26.7$388,000$475,000-18.3
Montgomery Village81117-30.8$360,000$310,00016.1

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