Washington Grove 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 Washington Grove rose by $250,500 while total sales increased by 33.3%, according to BlockShopper.com.

From July through September of 2020, there were four homes sold, with a median sale price of $531,500 - a 89.1% increase over the $281,000 median sale price for the same period of the previous year. There were three homes sold in Washington Grove in the third quarter of 2019.

The median sales tax in Washington Grove for the most recent year with available data, 2016, was $5,385, approximately 1% of the median home sale price for the third quarter of 2020.

The following table compares Washington Grove 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)
Poolesville262313%$545,500$539,9001%
Forest Glen2025-20%$545,000$481,50013.2%
Olney107134-20.1%$535,000$530,0000.9%
North Kensington49474.3%$535,000$445,00020.2%
Gaithersburg1631555.2%$535,000$465,10015%
Washington Grove4333.3%$531,500$281,00089.1%
Colesville5964-7.8%$530,000$499,9506%
Clarksburg554814.6%$528,000$521,0001.3%
Derwood3948-18.8%$525,000$463,00013.4%
White Oak442763%$514,750$425,00021.1%
Cloverly2830-6.7%$505,500$427,50018.2%

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