Kemp Mill home prices rise in September 2020

Medium re 3

The median sale price of a home sold in September 2020 in Kemp Mill rose by $54,900 while total sales increased by 37.5%, according to BlockShopper.com.

In September 2020, there were 11 homes sold, with a median sale price of $484,900 - a 12.8% increase over the $430,000 median sale price for the same period of the previous year. There were eight homes sold in Kemp Mill in September 2019.

The median sales tax in Kemp Mill for the most recent year with available data, 2016, was $4,479, approximately 0.9% of the median home sale price for September 2020.

The following table compares Kemp Mill to other Montgomery County cities with similar median sales prices in September 2020:

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
Aspen Hill363020%$496,500$464,5006.9%
Gaithersburg524613%$492,450$445,00010.7%
Ashton-Sandy Spring6520%$489,250$715,000-31.6%
Clarksburg211190.9%$487,000$519,000-6.2%
White Oak187157.1%$485,000$425,00014.1%
Kemp Mill11837.5%$484,900$430,00012.8%
Boyds10-$480,000$0-
Fairland113266.7%$459,990$424,0008.5%
Germantown918211%$428,000$336,50027.2%
Damascus24234.3%$422,500$412,0002.5%
Wheaton-Glenmont3447-27.7%$409,200$385,0006.3%

Blockshopper green logo