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Maryland State Wire

Sunday, November 24, 2024

Forest Glen home prices rise in April 2018

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The median sale price of a home sold in April 2018 in Forest Glen rose by $47,500 while total sales increased by 60%, according to BlockShopper.com.

In April 2018, there were eight homes sold, with a median sale price of $507,500 - a 10.3% increase over the $460,000 median sale price for the same period of the previous year. There were five homes sold in Forest Glen in April 2017.

The median sales tax in Forest Glen for the most recent year with available data, 2016, was $4,425, approximately 0.9% of the median home sale price for April 2018.

The following table compares Forest Glen 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)
Laytonsville5366.7%$675,000$485,00039.2%
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%

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