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Maryland State Wire

Friday, June 27, 2025

January 2022: Aspen Hill experienced a 12.1% increase in median home prices

Webp re 5

The median sale price of a home sold in January 2022 in Aspen Hill rose by $52,500 while total sales increased by 45.7%, according to BlockShopper.com.

In January 2022, there were 67 homes sold, with a median sale price of $485,000 - a 12.1% increase over the $432,500 median sale price for the same period of the previous year. There were 46 homes sold in Aspen Hill in January 2021.

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 January 2022.

The following table compares Aspen Hill to other Montgomery County cities with similar median sale prices in January 2022:

CityJan. 2022 Home SalesJan. 2021 Home Sales% change (Total Home Sales)Jan. 2022 Median Sales PriceJan. 2021 Median Sales Price% change (Median Sales Price)
Olney38380%$522,500$509,0002.7%
Kemp Mill11110%$520,000$480,0008.3%
Silver Spring53513.9%$500,000$450,00011.1%
Boyds20-$490,750$0-
White Oak1323-43.5%$485,000$491,000-1.2%
Aspen Hill674645.7%$485,000$432,50012.1%
Forest Glen12119.1%$484,950$314,50054.2%
Wheaton-Glenmont5355-3.6%$470,000$435,0008%
Poolesville84100%$465,500$270,00072.4%
Rockville63613.3%$455,000$565,500-19.5%
Damascus3037-18.9%$450,000$405,50011%

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