Anonymous wrote:

Anonymous wrote:OP I don’t think your premise holds up to scrutiny. DMV house prices have gone up across the board. We live in a Md community where average house prices surged by >100%.

According to local real estate analysis:

Overall, House prices in the Washington, D.C. (DC) metro area have appreciated more than in Maryland or Virginia, but the rate of appreciation varies by location:

Washington, D.C.
The median home price in Washington, D.C. increased 4% in November 2024, reaching $655,000. In May 2024, the median sale price was $706,050, a 14.8% increase from May 2023.

Maryland
The median home price in Maryland was $408,200 in September 2023, a 5% increase from the same month in 2022.

Virginia
The median home price in Virginia was $371,528 in March 2024, a 5.1% increase from the previous year. However, some cities in Virginia have seen particularly strong appreciation, including:

Falls Church City: In 2024, the median sold price in Falls Church City was $1,125,000, a 31.6% increase from 2023.

Fairfax City: In 2024, the median sold price in Fairfax City was $775,000, a 10.7% increase from 2023.

Alexandria City: In 2024, the median sold price in Alexandria City was $715,000, an 8.3% increase from the previous year

The October 2024 data for Montgomery County, MD, showcases a wide range of price fluctuations:

Beallsville, MD witnessed an astounding 134.5% increase in median sold price, jumping from $522,500 in 2023 to $1,225,000 this year.

Cabin John, MD follows closely with a remarkable 109.3% rise, as prices surged from $720,000 to $1,507,250.

Similarly, Sandy Spring, MD saw a dramatic 49.5% increase, reaching $1,000,000 from $669,000, and

Barnesville, MD recorded an impressive 86.8% growth to $535,000 from $286,338. These gains highlight the growing allure of Montgomery County's smaller, upscale markets.

Other well-established areas also saw significant appreciation. Garrett Park, MD rose by 20% to a median price of $1,415,500, while

Bethesda, MD experienced a solid 8.9% increase, reaching $1,274,000. Rockville, MD and Laurel, MD also showed steady growth, with increases of 7.8% and 7.3% respectively, indicating sustained demand in these family-friendly locales.

It's amazing how much bad information can be added to a single post.

Anonymous wrote:OP I don’t think your premise holds up to scrutiny. DMV house prices have gone up across the board. We live in a Md community where average house prices surged by >100%.

According to local real estate analysis:

Overall, House prices in the Washington, D.C. (DC) metro area have appreciated more than in Maryland or Virginia, but the rate of appreciation varies by location:

Washington, D.C.
The median home price in Washington, D.C. increased 4% in November 2024, reaching $655,000. In May 2024, the median sale price was $706,050, a 14.8% increase from May 2023.

Maryland
The median home price in Maryland was $408,200 in September 2023, a 5% increase from the same month in 2022.

Virginia
The median home price in Virginia was $371,528 in March 2024, a 5.1% increase from the previous year. However, some cities in Virginia have seen particularly strong appreciation, including:

Falls Church City: In 2024, the median sold price in Falls Church City was $1,125,000, a 31.6% increase from 2023.

Fairfax City: In 2024, the median sold price in Fairfax City was $775,000, a 10.7% increase from 2023.

Alexandria City: In 2024, the median sold price in Alexandria City was $715,000, an 8.3% increase from the previous year

The October 2024 data for Montgomery County, MD, showcases a wide range of price fluctuations:

Beallsville, MD witnessed an astounding 134.5% increase in median sold price, jumping from $522,500 in 2023 to $1,225,000 this year.

Cabin John, MD follows closely with a remarkable 109.3% rise, as prices surged from $720,000 to $1,507,250.

Similarly, Sandy Spring, MD saw a dramatic 49.5% increase, reaching $1,000,000 from $669,000, and

Barnesville, MD recorded an impressive 86.8% growth to $535,000 from $286,338. These gains highlight the growing allure of Montgomery County's smaller, upscale markets.

Other well-established areas also saw significant appreciation. Garrett Park, MD rose by 20% to a median price of $1,415,500, while

Bethesda, MD experienced a solid 8.9% increase, reaching $1,274,000. Rockville, MD and Laurel, MD also showed steady growth, with increases of 7.8% and 7.3% respectively, indicating sustained demand in these family-friendly locales.

Anonymous wrote:I have been talking to a few co-workers who lived in Fairfax, and they mentioned how much their home valued have appreciated over the last 5-6 years and was amazed. I have been living in MoCo and our house price appreciation has barely kept up with inflation.

Anonymous wrote:In Maryland, Bethesda, Chevy Chase and Gibson Island appreciation has been insane the last 15 years.

Other parts like Prince George not so much.

Hard to lump Maryland all together.

BTW Gibson Island is higher priced than any area in NOVA

Anonymous wrote:

Anonymous wrote:OP I don’t think your premise holds up to scrutiny. DMV house prices have gone up across the board. We live in a Md community where average house prices surged by >100%.

According to local real estate analysis:

Overall, House prices in the Washington, D.C. (DC) metro area have appreciated more than in Maryland or Virginia, but the rate of appreciation varies by location:

Washington, D.C.
The median home price in Washington, D.C. increased 4% in November 2024, reaching $655,000. In May 2024, the median sale price was $706,050, a 14.8% increase from May 2023.

Maryland
The median home price in Maryland was $408,200 in September 2023, a 5% increase from the same month in 2022.

Virginia
The median home price in Virginia was $371,528 in March 2024, a 5.1% increase from the previous year. However, some cities in Virginia have seen particularly strong appreciation, including:

Falls Church City: In 2024, the median sold price in Falls Church City was $1,125,000, a 31.6% increase from 2023.

Fairfax City: In 2024, the median sold price in Fairfax City was $775,000, a 10.7% increase from 2023.

Alexandria City: In 2024, the median sold price in Alexandria City was $715,000, an 8.3% increase from the previous year

The October 2024 data for Montgomery County, MD, showcases a wide range of price fluctuations:

Beallsville, MD witnessed an astounding 134.5% increase in median sold price, jumping from $522,500 in 2023 to $1,225,000 this year.

Cabin John, MD follows closely with a remarkable 109.3% rise, as prices surged from $720,000 to $1,507,250.

Similarly, Sandy Spring, MD saw a dramatic 49.5% increase, reaching $1,000,000 from $669,000, and

Barnesville, MD recorded an impressive 86.8% growth to $535,000 from $286,338. These gains highlight the growing allure of Montgomery County's smaller, upscale markets.

Other well-established areas also saw significant appreciation. Garrett Park, MD rose by 20% to a median price of $1,415,500, while

Bethesda, MD experienced a solid 8.9% increase, reaching $1,274,000. Rockville, MD and Laurel, MD also showed steady growth, with increases of 7.8% and 7.3% respectively, indicating sustained demand in these family-friendly locales.

This is just useless analysis. The annual median home price in small locations is going to jump around. Someone is just filling a realtor newsletter.

If you want to look at appreciation, you need a longer timeline and to maybe look harder than just at median home price.

Anonymous wrote:

Anonymous wrote:I can't believe there is even a comparison. MD counties have dropped so low that all the high earners are moving towards VA. Taxes are high in MD too and it is becoming a ghetto. You can see how difficult it is to do business in MD and that shows everything.

Oh dear. Outside of McLean, Virginia is a disaster -- you must live in a bubble if you don't see how entire areas have been taken over by illegal immigrants. And every area seems to be endless strip malls with no planning whatsoever. Meanwhile, MD is full of high-income earners in beautiful neighborhoods throughout CC, Bethesda, and Potomac.

Anonymous wrote:OP I don’t think your premise holds up to scrutiny. DMV house prices have gone up across the board. We live in a Md community where average house prices surged by >100%.

According to local real estate analysis:

Overall, House prices in the Washington, D.C. (DC) metro area have appreciated more than in Maryland or Virginia, but the rate of appreciation varies by location:

Washington, D.C.
The median home price in Washington, D.C. increased 4% in November 2024, reaching $655,000. In May 2024, the median sale price was $706,050, a 14.8% increase from May 2023.

Maryland
The median home price in Maryland was $408,200 in September 2023, a 5% increase from the same month in 2022.

Virginia
The median home price in Virginia was $371,528 in March 2024, a 5.1% increase from the previous year. However, some cities in Virginia have seen particularly strong appreciation, including:

Falls Church City: In 2024, the median sold price in Falls Church City was $1,125,000, a 31.6% increase from 2023.

Fairfax City: In 2024, the median sold price in Fairfax City was $775,000, a 10.7% increase from 2023.

Alexandria City: In 2024, the median sold price in Alexandria City was $715,000, an 8.3% increase from the previous year

The October 2024 data for Montgomery County, MD, showcases a wide range of price fluctuations:

Beallsville, MD witnessed an astounding 134.5% increase in median sold price, jumping from $522,500 in 2023 to $1,225,000 this year.

Cabin John, MD follows closely with a remarkable 109.3% rise, as prices surged from $720,000 to $1,507,250.

Similarly, Sandy Spring, MD saw a dramatic 49.5% increase, reaching $1,000,000 from $669,000, and

Barnesville, MD recorded an impressive 86.8% growth to $535,000 from $286,338. These gains highlight the growing allure of Montgomery County's smaller, upscale markets.

Other well-established areas also saw significant appreciation. Garrett Park, MD rose by 20% to a median price of $1,415,500, while

Bethesda, MD experienced a solid 8.9% increase, reaching $1,274,000. Rockville, MD and Laurel, MD also showed steady growth, with increases of 7.8% and 7.3% respectively, indicating sustained demand in these family-friendly locales.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nova is just overall more affluent. 4 of their counties are in the top 10 median household incomes in the US. It's actually not Montgomery County but Howard County (which is much nicer) that is the only one from Maryland in the top 10.

Why the cutoff at top 10, rather than top 20 (where many MD counties are)? And even more importantly, who in their right mind picks a place to live based on it being in the top 10 median income? Only status-obsessed people think this way.

Umm, the title of this thread is "Is there a reason real estate has appreciated so much more in VA than MD and DC?"

Anonymous wrote:Nova is just overall more affluent. 4 of their counties are in the top 10 median household incomes in the US. It's actually not Montgomery County but Howard County (which is much nicer) that is the only one from Maryland in the top 10.

Anonymous wrote:

Anonymous wrote:Nova is just overall more affluent. 4 of their counties are in the top 10 median household incomes in the US. It's actually not Montgomery County but Howard County (which is much nicer) that is the only one from Maryland in the top 10.

Why the cutoff at top 10, rather than top 20 (where many MD counties are)? And even more importantly, who in their right mind picks a place to live based on it being in the top 10 median income? Only status-obsessed people think this way.