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Tuesday, May 7, 2024

Darnestown home prices fall in July 2020

Realestate1

The median sale price of a home sold in July 2020 in Darnestown fell by $125,000 while total sales decreased by 37.5%, according to BlockShopper.com.

In July 2020, there were five homes sold, with a median sale price of $650,000 - a 16.1% decrease over the $775,000 median sale price for the same period of the previous year. There were eight homes sold in Darnestown in July 2019.

The median sales tax in Darnestown for the most recent year with available data, 2016, was $8,054, approximately 1.2% of the median home sale price for July 2020.

The following table compares Darnestown 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)
Cabin John24-50%$897,500$1,025,000-12.4%
North Potomac324-87.5%$875,000$729,50019.9%
Laytonsville13-66.7%$695,000$695,0000%
Rossmoor110%$675,000$700,000-3.6%
South Kensington1217-29.4%$667,000$649,0002.8%
Darnestown58-37.5%$650,000$775,000-16.1%
Ashton-Sandy Spring27-71.4%$624,500$440,77741.7%
North Kensington415-73.3%$619,500$459,99934.7%
North Bethesda1331-58.1%$612,500$700,000-12.5%
Takoma Park413-69.2%$579,000$526,00010.1%
Silver Spring1445-68.9%$565,500$550,0002.8%

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