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Maryland State Wire

Friday, November 8, 2024

Darnestown home prices fall in March 2018

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The median sale price of a home sold in March 2018 in Darnestown fell by $313,500 while total sales increased by 25%, according to BlockShopper.com.

In March 2018, there were five homes sold, with a median sale price of $499,000 - a 38.6% decrease over the $812,500 median sale price for the same period of the previous year. There were four homes sold in Darnestown in March 2017.

The median sales tax in Darnestown for the most recent year with available data, 2016, was $8,054, approximately 1.6% of the median home sale price for March 2018.

The following table compares Darnestown 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)
North Potomac1011-9.1%$607,450$705,000-13.8%
Silver Spring3448-29.2%$535,450$462,00015.9%
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%

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