Clarksburg home prices fall in the third quarter of 2018

Clarksburg home prices fall in the third quarter of 2018
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The median sale price of a home sold in the third quarter of 2018 in Clarksburg fell by $31,000 while total sales decreased by 18.8%, according to BlockShopper.com.

From July through September of 2018, there were 52 homes sold, with a median sale price of $469,000 – a 6.2% decrease over the $500,000 median sale price for the same period of the previous year. There were 64 homes sold in Clarksburg in the third quarter of 2017.

The median sales tax in Clarksburg for the most recent year with available data, 2016, was $5,138, approximately 1.1% of the median home sale price for the third quarter of 2018.

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

City July – Sept. 2018 Home Sales July – Sept. 2017 Home Sales % change (Total Home Sales) July – Sept. 2018 Median Sales Price July – Sept. 2017 Median Sales Price % change (Median Sales Price)
Forest Glen 20 23 -13% $525,000 $480,000 9.4%
Gaithersburg 223 229 -2.6% $502,500 $449,900 11.7%
Olney 130 138 -5.8% $493,000 $497,500 -0.9%
Colesville 83 90 -7.8% $479,900 $475,000 1%
Derwood 66 60 10% $469,000 $471,500 -0.5%
Clarksburg 52 64 -18.8% $469,000 $500,000 -6.2%
Hillandale 5 2 150% $466,500 $439,000 6.3%
Poolesville 32 31 3.2% $460,000 $410,000 12.2%
Cloverly 36 23 56.5% $455,500 $445,000 2.4%
North Kensington 65 46 41.3% $445,000 $425,000 4.7%
Kemp Mill 50 42 19% $435,500 $412,500 5.6%


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