Derwood home prices rise in September 2020

Medium realestate1

The median sale price of a home sold in September 2020 in Derwood rose by $35,000 while total sales decreased by 15.4%, according to

In September 2020, there were 11 homes sold, with a median sale price of $500,000 - a 7.5% increase over the $465,000 median sale price for the same period of the previous year. There were 13 homes sold in Derwood in September 2019.

The median sales tax in Derwood for the most recent year with available data, 2016, was $4,947, approximately 1% of the median home sale price for September 2020.

The following table compares Derwood 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)
Silver Spring3543-18.6%$552,500$584,000-5.4%
Forest Glen7616.7%$540,000$584,950-7.7%
Aspen Hill363020%$496,500$464,5006.9%
Ashton-Sandy Spring6520%$489,250$715,000-31.6%
White Oak187157.1%$485,000$425,00014.1%

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