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Maryland State Wire

Friday, November 22, 2024

Cabin John 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 Cabin John rose by $110,000 while total sales increased by 60%, according to BlockShopper.com.

From January through March of 2018, there were eight homes sold, with a median sale price of $815,000 - a 15.6% increase over the $705,000 median sale price for the same period of the previous year. There were five homes sold in Cabin John in the first quarter of 2017.

The median sales tax in Cabin John for the most recent year with available data, 2016, was $9,587, approximately 1.2% of the median home sale price for the first quarter of 2018.

The following table compares Cabin John 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)
Chevy Chase3051-41.2%$977,500$1,149,000-14.9%
Bethesda166211-21.3%$954,000$931,0002.5%
Travilah2736-25%$938,000$922,5051.7%
Potomac1079710.3%$870,000$880,000-1.1%
Ashton-Sandy Spring715-53.3%$820,000$525,00056.2%
Cabin John8560%$815,000$705,00015.6%
Brookeville67-14.3%$795,000$675,00017.8%
Rossmoor20-$675,000$0-
Darnestown201717.6%$668,000$664,0000.6%
North Bethesda685036%$657,500$692,000-5%
North Potomac2933-12.1%$654,000$685,000-4.5%

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