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Maryland State Wire

Wednesday, April 23, 2025

Colesville home prices rise in May 2017

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The median sale price of a home sold in May 2017 in Colesville rose by $20,200 while total sales increased by 24%, according to BlockShopper.com.

In May 2017, there were 31 homes sold, with a median sale price of $445,000 - a 4.8% increase over the $424,800 median sale price for the same period of the previous year. There were 25 homes sold in Colesville in May 2016.

The median sales tax in Colesville for the most recent year with available data, 2016, was $5,084, approximately 1.1% of the median home sale price for May 2017.

The following table compares Colesville to other Montgomery County cities with similar median sales prices in May 2017:

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Olney4055-27.3%$515,000$405,00027.2%
Rockville6470-8.6%$510,000$509,9440%
Derwood2428-14.3%$505,500$419,97520.4%
North Kensington1621-23.8%$492,500$429,00014.8%
Hillandale220%$478,500$362,50032%
Colesville312524%$445,000$424,8004.8%
Rossmoor23-33.3%$439,500$625,000-29.7%
Aspen Hill50476.4%$437,000$380,00015%
Poolesville10825%$428,000$274,75055.8%
Gaithersburg5676-26.3%$422,500$488,450-13.5%
Cloverly10666.7%$412,925$390,1005.9%

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