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Friday, November 8, 2024

Gaithersburg home prices rise in April 2020

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The median sale price of a home sold in April 2020 in Gaithersburg rose by $37,050 while total sales decreased by 15.4%, according to BlockShopper.com.

In April 2020, there were 44 homes sold, with a median sale price of $532,000 - a 7.5% increase over the $494,950 median sale price for the same period of the previous year. There were 52 homes sold in Gaithersburg in April 2019.

The median sales tax in Gaithersburg for the most recent year with available data, 2016, was $5,166, approximately 1% of the median home sale price for April 2020.

The following table compares Gaithersburg to other Montgomery County cities with similar median sales prices in April 2020:

CityApr. 2020 Home SalesApr. 2019 Home Sales% change (Total Home Sales)Apr. 2020 Median Sales PriceApr. 2019 Median Sales Price% change (Median Sales Price)
Silver Spring3336-8.3%$610,000$574,2246.2%
Ashton-Sandy Spring4333.3%$588,250$270,000117.9%
Rockville433619.4%$582,500$492,45018.3%
Takoma Park1116-31.3%$550,000$630,750-12.8%
Olney3435-2.9%$547,000$500,0009.4%
Gaithersburg4452-15.4%$532,000$494,9507.5%
Aspen Hill2631-16.1%$529,000$415,00027.5%
White Oak440%$514,500$414,00024.3%
North Kensington201717.6%$502,500$450,00011.7%
Derwood111010%$500,000$450,50011%
Forest Glen14875%$479,950$476,2500.8%

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