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Maryland State Wire

Friday, November 22, 2024

Damascus home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Damascus rose by $7,500 while total sales decreased by 5.3%, according to BlockShopper.com.

From January through March of 2018, there were 72 homes sold, with a median sale price of $368,500 - a 2.1% increase over the $361,000 median sale price for the same period of the previous year. There were 76 homes sold in Damascus in the first quarter of 2017.

The median sales tax in Damascus for the most recent year with available data, 2016, was $4,157, approximately 1.1% of the median home sale price for the first quarter of 2018.

The following table compares Damascus to other Montgomery County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Aspen Hill1111100.9%$407,500$385,0005.8%
Hillandale26-66.7%$404,950$424,500-4.6%
Gaithersburg117175-33.1%$402,000$429,700-6.4%
Boyds13-66.7%$399,900$346,55015.4%
Derwood3945-13.3%$395,000$435,000-9.2%
Damascus7276-5.3%$368,500$361,0002.1%
Dickerson47-42.9%$365,450$282,00029.6%
Wheaton-Glenmont113165-31.5%$355,000$355,0000%
Poolesville1519-21.1%$350,000$305,00014.8%
Calverton211910.5%$325,000$320,1001.5%
Germantown215300-28.3%$325,000$317,209.502.5%

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