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Maryland State Wire

Thursday, November 21, 2024

Wheaton-Glenmont median home prices rose by 13.2% in February 2022

Re 12

The median sale price of a home sold in February 2022 in Wheaton-Glenmont rose by $53,750 while total sales increased by 25.7%, according to BlockShopper.com.

In February 2022, there were 44 homes sold, with a median sale price of $460,750 - a 13.2% increase over the $407,000 median sale price for the same period of the previous year. There were 35 homes sold in Wheaton-Glenmont in February 2021.

The median sales tax in Wheaton-Glenmont for the most recent year with available data, 2020, was $4,141, approximately 0.9% of the median home sale price for February 2022.

The following table compares Wheaton-Glenmont to other Montgomery County cities with similar median sale prices in February 2022:

CityFeb. 2022 Home SalesFeb. 2021 Home Sales% change (Total Home Sales)Feb. 2022 Median Sales PriceFeb. 2021 Median Sales Price% change (Median Sales Price)
North Kensington714-50%$510,000$507,0000.6%
Kemp Mill880%$485,500$575,000-15.6%
Rockville4550-10%$485,000$472,5002.6%
Forest Glen78-12.5%$470,000$462,5001.6%
Silver Spring3761-39.3%$465,000$525,000-11.4%
Wheaton-Glenmont443525.7%$460,750$407,00013.2%
Olney2140-47.5%$460,000$567,450-18.9%
Aspen Hill3547-25.5%$443,000$476,000-6.9%
Burtonsville59-44.4%$425,000$371,00014.6%
Washington Grove10-$415,000$0-
Calverton990%$399,900$300,00033.3%

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