Cabin John home prices fall in July 2020

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The median sale price of a home sold in July 2020 in Cabin John fell by $127,500 while total sales decreased by 50%, according to BlockShopper.com.

In July 2020, there were two homes sold, with a median sale price of $897,500 - a 12.4% decrease over the $1,025,000 median sale price for the same period of the previous year. There were four homes sold in Cabin John in July 2019.

The median sales tax in Cabin John for the most recent year with available data, 2016, was $9,587, approximately 1.1% of the median home sale price for July 2020.

The following table compares Cabin John 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)
Travilah214-85.7%$1,335,000$1,267,0005.4%
Chevy Chase819-57.9%$1,257,500$1,190,0005.7%
Bethesda3389-62.9%$1,002,000$960,0004.4%
Potomac2050-60%$945,000$852,50010.9%
Brookeville3250%$899,000$679,25032.4%
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%

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