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Monday, November 25, 2024

Gaithersburg home prices rise in December 2019

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The median sale price of a home sold in December 2019 in Gaithersburg rose by $12,600 while total sales increased by 15.8%, according to BlockShopper.com.

In December 2019, there were 66 homes sold, with a median sale price of $462,500 - a 2.8% increase over the $449,900 median sale price for the same period of the previous year. There were 57 homes sold in Gaithersburg in December 2018.

The median sales tax in Gaithersburg for the most recent year with available data, 2016, was $5,166, approximately 1.1% of the median home sale price for December 2019.

The following table compares Gaithersburg to other Montgomery County cities with similar median sales prices in December 2019:

CityDec. 2019 Home SalesDec. 2018 Home Sales% change (Total Home Sales)Dec. 2019 Median Sales PriceDec. 2018 Median Sales Price% change (Median Sales Price)
Derwood157114.3%$500,000$497,0000.6%
Silver Spring4758-19%$490,000$481,0001.9%
Forest Glen126100%$475,000$393,00020.9%
Kemp Mill186200%$467,000$413,666.5012.9%
Colesville1920-5%$465,000$442,5005.1%
Gaithersburg665715.8%$462,500$449,9002.8%
Olney35329.4%$451,000$492,500-8.4%
Poolesville10666.7%$444,400$462,500-3.9%
Cloverly713-46.2%$440,000$393,90011.7%
Aspen Hill4041-2.4%$437,450$455,000-3.9%
Clarksburg15887.5%$435,000$625,000-30.4%

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