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Thursday, April 25, 2024

Rockville home prices fall in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Rockville fell by $1,500 while total sales increased by 18.9%, according to BlockShopper.com.

From July through December of 2017, there were 314 homes sold, with a median sale price of $548,500 - a 0.3% decrease over the $550,000 median sale price for the same period of the previous year. There were 264 homes sold in Rockville in the second half of 2016.

The median sales tax in Rockville for the most recent year with available data, 2016, was $6,949, approximately 1.3% of the median home sale price for the second half of 2017.

The following table compares Rockville to other Montgomery County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Garrett Park1114-21.4%$674,000$630,0007%
North Potomac7677-1.3%$662,500$655,0001.1%
Laytonsville2023-13%$637,400$540,00018%
Brookeville11110%$625,000$555,00012.6%
Brinklow440%$597,500$685,500-12.8%
Rockville31426418.9%$548,500$550,000-0.3%
Takoma Park73730%$540,000$500,0008%
Ashton-Sandy Spring2930-3.3%$527,500$592,000-10.9%
Washington Grove23-33.3%$515,612$417,50023.5%
Olney22018022.2%$490,000$488,2000.4%
Silver Spring2792713%$490,000$499,000-1.8%

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