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Maryland State Wire

Sunday, November 24, 2024

Garrett Park home prices rise in April 2018

Realestate3

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The median sale price of a home sold in April 2018 in Garrett Park rose by $140,000 while total sales remained unchanged with three homes sold, according to BlockShopper.com.

In April 2018, there were three homes sold, with a median sale price of $790,000 - a 21.5% increase over the $650,000 median sale price for the same period of the previous year. There were three homes sold in Garrett Park in April 2017, as well.

The median sales tax in Garrett Park for the most recent year with available data, 2016, was $6,247, approximately 0.8% of the median home sale price for April 2018.

The following table compares Garrett Park 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)
Cabin John440%$1,045,500$857,00022%
Travilah1113-15.4%$850,000$1,200,000-29.2%
Potomac41387.9%$850,000$976,500-13%
Darnestown89-11.1%$814,000$800,0001.8%
Brookeville12-50%$790,000$367,500115%
Garrett Park330%$790,000$650,00021.5%
North Potomac1219-36.8%$750,500$653,88814.8%
South Kensington111010%$735,000$782,500-6.1%
North Bethesda2627-3.7%$714,500$765,000-6.6%
Laytonsville5366.7%$675,000$485,00039.2%
Rockville4146-10.9%$580,000$527,50010%

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