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Sunday, November 24, 2024

Darnestown home prices rise in the first quarter of 2020

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The median sale price of a home sold in the first quarter of 2020 in Darnestown rose by $43,750 while total sales increased by 100%, according to BlockShopper.com.

From January through March of 2020, there were 24 homes sold, with a median sale price of $767,500 - a 6% increase over the $723,750 median sale price for the same period of the previous year. There were 12 homes sold in Darnestown in the first quarter of 2019.

The median sales tax in Darnestown for the most recent year with available data, 2016, was $8,054, approximately 1% of the median home sale price for the first quarter of 2020.

The following table compares Darnestown to other Montgomery County cities with similar median sales prices in the first quarter of 2020:

CityJan. - Mar. 2020 Home SalesJan. - Mar. 2019 Home Sales% change (Total Home Sales)Jan. - Mar. 2020 Median Sales PriceJan. - Mar. 2019 Median Sales Price% change (Median Sales Price)
Chevy Chase564524.4%$1,213,750$1,190,0002%
Bethesda15913716.1%$991,000$980,0001.1%
Potomac12911116.2%$919,000$875,0005%
Travilah262123.8%$912,000$1,255,000-27.3%
Cabin John12-50%$850,000$1,021,750-16.8%
Darnestown2412100%$767,500$723,7506%
Garrett Park89-11.1%$749,975$665,00012.8%
North Bethesda675326.4%$735,000$711,0003.4%
South Kensington392369.6%$732,000$727,5000.6%
Brinklow110%$699,900$600,00016.7%
North Potomac312334.8%$649,900$670,000-3%

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