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Wednesday, November 27, 2024

Gaithersburg home prices rise in April 2019

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The median sale price of a home sold in April 2019 in Gaithersburg rose by $49,950 while total sales increased by 10.6%, according to BlockShopper.com.

In April 2019, there were 52 homes sold, with a median sale price of $494,950 - a 11.2% increase over the $445,000 median sale price for the same period of the previous year. There were 47 homes sold in Gaithersburg in April 2018.

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 2019.

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

CityApr. 2019 Home SalesApr. 2018 Home Sales% change (Total Home Sales)Apr. 2019 Median Sales PriceApr. 2018 Median Sales Price% change (Median Sales Price)
Darnestown9812.5%$700,000$814,000-14%
Laytonsville35-40%$650,000$675,000-3.7%
Takoma Park168100%$630,750$579,5008.8%
Silver Spring363020%$574,224$529,4508.5%
Olney35329.4%$500,000$509,000-1.8%
Gaithersburg524710.6%$494,950$445,00011.2%
Rockville3641-12.2%$492,450$580,000-15.1%
Cloverly68-25%$481,862.50$417,50015.4%
Forest Glen880%$476,250$507,500-6.2%
Garrett Park13-66.7%$461,500$790,000-41.6%
Kemp Mill910-10%$460,000$485,000-5.2%

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