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Maryland State Wire

Tuesday, April 22, 2025

Derwood home prices rise in April 2017

Re 12

The median sale price of a home sold in April 2017 in Derwood rose by $28,750 while total sales decreased by 25%, according to BlockShopper.com.

In April 2017, there were 12 homes sold, with a median sale price of $435,000 - a 7.1% increase over the $406,250 median sale price for the same period of the previous year. There were 16 homes sold in Derwood in April 2016.

The median sales tax in Derwood for the most recent year with available data, 2016, was $4,947, approximately 1.1% of the median home sale price for April 2017.

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

CityApr. 2017 Home SalesApr. 2016 Home Sales% change (Total Home Sales)Apr. 2017 Median Sales PriceApr. 2016 Median Sales Price% change (Median Sales Price)
Gaithersburg684841.7%$480,000$407,50017.8%
Silver Spring503831.6%$470,000$457,5002.7%
Forest Glen56-16.7%$460,000$447,5002.8%
Colesville29290%$445,000$399,90011.3%
Cloverly8714.3%$442,500$445,000-0.6%
Derwood1216-25%$435,000$406,2507.1%
North Kensington291593.3%$435,000$420,0003.6%
Kemp Mill13130%$430,000$380,00013.2%
Clarksburg2110110%$429,900$407,5005.5%
Dickerson31200%$420,000$600,000-30%
Aspen Hill453240.6%$400,000$397,2500.7%

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