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Maryland State Wire

Sunday, November 24, 2024

Forest Glen home prices rose in February 2022

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The median sale price of a home sold in February 2022 in Forest Glen rose by $7,500 while total sales decreased by 12.5%, according to BlockShopper.com.

In February 2022, there were seven homes sold, with a median sale price of $470,000 - a 1.6% increase over the $462,500 median sale price for the same period of the previous year. There were eight homes sold in Forest Glen in February 2021.

The median sales tax in Forest Glen for the most recent year with available data, 2020, was $4,880, approximately 1% of the median home sale price for February 2022.

The following table compares Forest Glen 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)
Damascus1324-45.8%$525,000$439,00019.6%
Ashton-Sandy Spring26-66.7%$521,500$552,500-5.6%
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%

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