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Maryland State Wire

Friday, November 8, 2024

Forest Glen home prices rise in March 2018

Realestate077

The median sale price of a home sold in March 2018 in Forest Glen rose by $42,450 while total sales decreased by 11.1%, according to BlockShopper.com.

In March 2018, there were eight homes sold, with a median sale price of $482,450 - a 9.6% increase over the $440,000 median sale price for the same period of the previous year. There were nine homes sold in Forest Glen in March 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 March 2018.

The following table compares Forest Glen 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)
Ashton-Sandy Spring23-33.3%$531,500$469,90013.1%
Takoma Park11922.2%$508,100$352,50044.1%
Laytonsville330%$500,000$690,000-27.5%
Darnestown5425%$499,000$812,500-38.6%
Rockville3941-4.9%$490,000$460,0006.5%
Forest Glen89-11.1%$482,450$440,0009.6%
Clarksburg121020%$475,000$462,4952.7%
Olney2433-27.3%$463,500$470,000-1.4%
Fairland814-42.9%$441,500$381,25015.8%
Derwood1112-8.3%$435,000$341,50027.4%
White Oak1216-25%$431,650$363,50018.7%

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