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Saturday, November 2, 2024

Cloverly home prices rise in July 2020

Realestate2

The median sale price of a home sold in July 2020 in Cloverly rose by $105,500 while total sales decreased by 81.8%, according to BlockShopper.com.

In July 2020, there were two homes sold, with a median sale price of $525,500 - a 25.1% increase over the $420,000 median sale price for the same period of the previous year. There were 11 homes sold in Cloverly in July 2019.

The median sales tax in Cloverly for the most recent year with available data, 2016, was $4,664, approximately 0.9% of the median home sale price for July 2020.

The following table compares Cloverly to other Montgomery County cities with similar median sales prices in July 2020:

CityJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
Takoma Park413-69.2%$579,000$526,00010.1%
Silver Spring1445-68.9%$565,500$550,0002.8%
Rockville1744-61.4%$547,500$620,000-11.7%
Colesville915-40%$535,000$545,450-1.9%
Washington Grove21100%$531,500$235,000126.2%
Cloverly211-81.8%$525,500$420,00025.1%
Olney1962-69.4%$525,000$541,500-3%
Gaithersburg1952-63.5%$518,000$495,110.504.6%
Poolesville69-33.3%$515,000$577,000-10.7%
Damascus1127-59.3%$505,000$425,00018.8%
Derwood717-58.8%$500,000$461,0008.5%

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