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Maryland State Wire

Friday, November 8, 2024

Ashton-Sandy Spring 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 Ashton-Sandy Spring rose by $295,000 while total sales decreased by 53.3%, according to BlockShopper.com.

From January through March of 2018, there were seven homes sold, with a median sale price of $820,000 - a 56.2% increase over the $525,000 median sale price for the same period of the previous year. There were 15 homes sold in Ashton-Sandy Spring in the first quarter of 2017.

The median sales tax in Ashton-Sandy Spring for the most recent year with available data, 2016, was $6,374, approximately 0.8% of the median home sale price for the first quarter of 2018.

The following table compares Ashton-Sandy Spring 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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