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Maryland State Wire

Tuesday, April 22, 2025

Rising home prices in Aspen Hill in the fourth quarter of 2021

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The median sale price of a home sold in the fourth quarter of 2021 in Aspen Hill rose by $55,000 while total sales increased by 29.7%, according to BlockShopper.com.

From October through December of 2021, there were 205 homes sold, with a median sale price of $490,000 - a 12.6% increase over the $435,000 median sale price for the same period of the previous year. There were 158 homes sold in Aspen Hill in the fourth quarter of 2020.

The median sales tax in Aspen Hill for the most recent year with available data, 2020, was $4,567, approximately 0.9% of the median home sale price for the fourth quarter of 2021.

The following table compares Aspen Hill to other Montgomery County cities with similar median sale prices in the fourth quarter of 2021:

CityOct. - Dec. 2021 Home SalesOct. - Dec. 2020 Home Sales% change (Total Home Sales)Oct. - Dec. 2021 Median Sales PriceOct. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Olney133139-4.3%$540,000$550,000-1.8%
White Oak61610%$535,000$460,00016.3%
North Kensington564524.4%$533,250$495,0007.7%
Rockville21818716.6%$530,000$541,000-2%
Poolesville23224.5%$495,000$519,950-4.8%
Aspen Hill20515829.7%$490,000$435,00012.6%
Gaithersburg34930912.9%$483,700$424,90013.8%
Forest Glen484311.6%$478,050$500,000-4.4%
Damascus9395-2.1%$478,000$430,00011.2%
North Bethesda22819218.8%$477,000$493,000-3.2%
Burtonsville27270%$460,000$440,0004.5%

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