April 2021: Derwood experienced a 38.4% increase in median home prices

Medium realestate1

The median sale price of a home sold in April 2021 in Derwood rose by $192,000 while total sales decreased by 54.5%, according to BlockShopper.com.

In April 2021, there were five homes sold, with a median sale price of $692,000 - a 38.4% increase over the $500,000 median sale price for the same period of the previous year. There were 11 homes sold in Derwood in April 2020.

The median sales tax in Derwood for the most recent year with available data, 2020, was $5,150, approximately 0.7% of the median home sale price for April 2021.

The following table compares Derwood to other Montgomery County cities with similar median sale prices in April 2021:

CityApr. 2021 Home SalesApr. 2020 Home Sales% change (Total Home Sales)Apr. 2021 Median Sales PriceApr. 2020 Median Sales Price% change (Median Sales Price)
Cabin John110%$921,000$644,00043%
North Potomac15966.7%$780,440$830,000-6%
Takoma Park513-61.5%$665,000$540,00023.1%
Ashton-Sandy Spring34-25%$662,500$588,25012.6%
Garrett Park10-$650,000$0-
South Kensington1015-33.3%$637,500$750,000-15%

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