Quantcast

Maryland State Wire

Tuesday, April 22, 2025

January 2022: Derwood experienced a 24.3% increase in median home prices

Webp realestate5

The median sale price of a home sold in January 2022 in Derwood rose by $116,000 while total sales increased by 10%, according to BlockShopper.com.

In January 2022, there were 22 homes sold, with a median sale price of $594,000 - a 24.3% increase over the $478,000 median sale price for the same period of the previous year. There were 20 homes sold in Derwood in January 2021.

The median sales tax in Derwood for the most recent year with available data, 2020, was $5,150, approximately 0.9% of the median home sale price for January 2022.

The following table compares Derwood 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)
Cabin John10-$700,000$0-
Brinklow10-$680,000$0-
Brookeville12-50%$651,700$456,58142.7%
Garrett Park34-25%$612,000$691,000-11.4%
Cloverly910-10%$609,999$490,00024.5%
Derwood222010%$594,000$478,00024.3%
Colesville1226-53.8%$589,750$518,50013.7%
North Kensington1217-29.4%$576,250$555,0003.8%
Clarksburg201811.1%$573,499.50$487,50017.6%
Friendship Village7475%$565,000$282,500100%
Takoma Park161414.3%$559,950$578,000-3.1%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS