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Saturday, September 21, 2024

Darnestown home prices rise in the fourth quarter of 2018

Realestate077

The median sale price of a home sold in the fourth quarter of 2018 in Darnestown rose by $89,600 while total sales increased by 40%, according to BlockShopper.com.

From October through December of 2018, there were 14 homes sold, with a median sale price of $762,000 - a 13.3% increase over the $672,400 median sale price for the same period of the previous year. There were 10 homes sold in Darnestown in the fourth quarter of 2017.

The median sales tax in Darnestown for the most recent year with available data, 2016, was $8,054, approximately 1.1% of the median home sale price for the fourth quarter of 2018.

The following table compares Darnestown to other Montgomery County cities with similar median sales prices in the fourth quarter of 2018:

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Travilah272412.5%$1,105,000$1,050,0005.2%
Chevy Chase4549-8.2%$1,050,000$1,020,0002.9%
Bethesda1821679%$957,500$950,0000.8%
Potomac1249530.5%$897,500$860,0004.4%
Cabin John24-50%$884,500$986,250-10.3%
Darnestown141040%$762,000$672,40013.3%
South Kensington372737%$753,000$729,0003.3%
Dickerson330%$729,000$585,00024.6%
Brinklow110%$729,000$460,00058.5%
Brookeville5366.7%$717,500$382,00087.8%
North Bethesda4860-20%$702,500$639,5009.9%

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