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Maryland State Wire

Thursday, November 7, 2024

February 2022: Ashton-Sandy Spring experienced a 5.6% drop in median home prices

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The median sale price of a home sold in February 2022 in Ashton-Sandy Spring fell by $31,000 while total sales decreased by 66.7%, according to BlockShopper.com.

In February 2022, there were two homes sold, with a median sale price of $521,500 - a 5.6% decrease over the $552,500 median sale price for the same period of the previous year. There were six homes sold in Ashton-Sandy Spring in February 2021.

The median sales tax in Ashton-Sandy Spring for the most recent year with available data, 2020, was $6,439, approximately 1.2% of the median home sale price for February 2022.

The following table compares Ashton-Sandy Spring 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)
White Oak990%$552,500$465,00018.8%
Clarksburg613-53.8%$549,004.50$450,00022%
Derwood1315-13.3%$535,000$400,00033.8%
Gaithersburg4982-40.2%$525,000$480,0009.4%
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%

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