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Thursday, October 17, 2024

Colesville home prices rise in 2019

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The median sale price of a home sold in 2019 in Colesville rose by $13,950 while total sales increased by 5.8%, according to BlockShopper.com.

From January through December of 2019, there were 256 homes sold, with a median sale price of $481,950 - a 3% increase over the $468,000 median sale price for the previous year. There were 242 homes sold in Colesville in 2018.

The median sales tax in Colesville for the most recent year with available data, 2016, was $5,084, approximately 1.1% of the median home sale price for 2019.

The following table compares Colesville to other Montgomery County cities with similar median sales prices in 2019:

CityJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Ashton-Sandy Spring6081-25.9%$595,000$585,0001.7%
Silver Spring566615-8%$535,000$525,0001.9%
Rockville5595482%$530,000$537,250-1.3%
Boyds12933.3%$515,000$390,00032.1%
Olney4524139.4%$502,500$490,0002.6%
Colesville2562425.8%$481,950$468,0003%
Forest Glen91892.2%$481,500$490,000-1.7%
Derwood175197-11.2%$470,000$460,0002.2%
Gaithersburg677714-5.2%$470,000$482,750-2.6%
Kemp Mill151152-0.7%$455,000$439,0003.6%
Hillandale16160%$455,000$454,9500%

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