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Maryland State Wire

Sunday, November 24, 2024

Damascus home prices fall in April 2018

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The median sale price of a home sold in April 2018 in Damascus fell by $71,100 while total sales decreased by 33.3%, according to BlockShopper.com.

In April 2018, there were 16 homes sold, with a median sale price of $321,900 - a 18.1% decrease over the $393,000 median sale price for the same period of the previous year. There were 24 homes sold in Damascus in April 2017.

The median sales tax in Damascus for the most recent year with available data, 2016, was $4,157, approximately 1.3% of the median home sale price for April 2018.

The following table compares Damascus to other Montgomery County cities with similar median sales prices in April 2018:

CityApr. 2018 Home SalesApr. 2017 Home Sales% change (Total Home Sales)Apr. 2018 Median Sales PriceApr. 2017 Median Sales Price% change (Median Sales Price)
Wheaton-Glenmont4056-28.6%$395,000$354,50011.4%
White Oak147100%$390,000$362,0007.7%
Calverton38-62.5%$385,000$368,5004.5%
Ashton-Sandy Spring78-12.5%$373,500$507,992-26.5%
Fairland913-30.8%$355,000$329,0007.9%
Boyds10-$329,900$0-
Germantown7385-14.1%$327,000$320,0002.2%
Damascus1624-33.3%$321,900$393,000-18.1%
Montgomery Village815937.3%$318,000$292,5008.7%
Burtonsville770%$318,000$339,000-6.2%
Dickerson13-66.7%$245,000$420,000-41.7%

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