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Maryland State Wire

Thursday, November 7, 2024

Montgomery Village home prices rise in March 2018

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The median sale price of a home sold in March 2018 in Montgomery Village rose by $14,000 while total sales decreased by 13.8%, according to BlockShopper.com.

In March 2018, there were 50 homes sold, with a median sale price of $290,000 - a 5.1% increase over the $276,000 median sale price for the same period of the previous year. There were 58 homes sold in Montgomery Village in March 2017.

The median sales tax in Montgomery Village for the most recent year with available data, 2016, was $3,117, approximately 1.1% of the median home sale price for March 2018.

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

CityMar. 2018 Home SalesMar. 2017 Home Sales% change (Total Home Sales)Mar. 2018 Median Sales PriceMar. 2017 Median Sales Price% change (Median Sales Price)
Aspen Hill402937.9%$419,750$385,0009%
Gaithersburg4152-21.2%$415,000$444,500-6.6%
North Kensington1114-21.4%$410,000$423,000-3.1%
Poolesville24-50%$409,000$208,77595.9%
Kemp Mill1015-33.3%$407,500$415,000-1.8%
Cloverly8560%$403,000$445,000-9.4%
Washington Grove10-$398,000$0-
Damascus1825-28%$381,038.50$349,0009.2%
Wheaton-Glenmont2646-43.5%$351,450$369,200-4.8%
Germantown7781-4.9%$342,900$317,5008%
Montgomery Village5058-13.8%$290,000$276,0005.1%

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