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Wednesday, November 27, 2024

Gaithersburg home prices fall in November 2019

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The median sale price of a home sold in November 2019 in Gaithersburg fell by $24,950 while total sales increased by 54.8%, according to BlockShopper.com.

In November 2019, there were 65 homes sold, with a median sale price of $440,000 - a 5.4% decrease over the $464,950 median sale price for the same period of the previous year. There were 42 homes sold in Gaithersburg in November 2018.

The median sales tax in Gaithersburg for the most recent year with available data, 2016, was $5,166, approximately 1.2% of the median home sale price for November 2019.

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

CityNov. 2019 Home SalesNov. 2018 Home Sales% change (Total Home Sales)Nov. 2019 Median Sales PriceNov. 2018 Median Sales Price% change (Median Sales Price)
Poolesville146133.3%$480,500$394,00022%
Kemp Mill9812.5%$460,000$434,9505.8%
Hillandale24-50%$460,000$496,700-7.4%
Aspen Hill514221.4%$452,000$424,2506.5%
White Oak2110110%$445,000$400,00011.3%
Gaithersburg654254.8%$440,000$464,950-5.4%
Calverton73133.3%$435,000$420,0003.6%
Ashton-Sandy Spring550%$435,000$510,000-14.7%
Cloverly83166.7%$433,900$410,0005.8%
Clarksburg171421.4%$420,000$439,000-4.3%
Wheaton-Glenmont654351.2%$402,000$365,00010.1%

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