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Maryland State Wire

Thursday, November 7, 2024

Kemp Mill home prices rise in April 2018

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The median sale price of a home sold in April 2018 in Kemp Mill rose by $55,000 while total sales decreased by 23.1%, according to BlockShopper.com.

In April 2018, there were 10 homes sold, with a median sale price of $485,000 - a 12.8% increase over the $430,000 median sale price for the same period of the previous year. There were 13 homes sold in Kemp Mill in April 2017.

The median sales tax in Kemp Mill for the most recent year with available data, 2016, was $4,479, approximately 0.9% of the median home sale price for April 2018.

The following table compares Kemp Mill 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)
Rockville4146-10.9%$580,000$527,50010%
Takoma Park812-33.3%$579,500$558,5003.8%
Silver Spring3050-40%$529,450$470,00012.6%
Olney322910.3%$509,000$519,500-2%
Forest Glen8560%$507,500$460,00010.3%
Kemp Mill1013-23.1%$485,000$430,00012.8%
Derwood161233.3%$472,520.50$435,0008.6%
Colesville1129-62.1%$465,000$445,0004.5%
North Kensington2029-31%$456,000$435,0004.8%
Gaithersburg4768-30.9%$445,000$480,000-7.3%
Clarksburg1021-52.4%$422,500$429,900-1.7%

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