Damascus home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Damascus rose by $35,000 while total sales decreased by 18.8%, according to BlockShopper.com.

From July through September of 2020, there were 65 homes sold, with a median sale price of $430,000 - a 8.9% increase over the $395,000 median sale price for the same period of the previous year. There were 80 homes sold in Damascus in the third quarter of 2019.

The median sales tax in Damascus for the most recent year with available data, 2016, was $4,157, approximately 1% of the median home sale price for the third quarter of 2020.

The following table compares Damascus to other Montgomery County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Kemp Mill2533-24.2%$484,900$450,0007.8%
Aspen Hill108115-6.1%$484,500$466,9003.8%
Montgomery Village1911843.8%$345,000$319,4508%

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