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Friday, November 8, 2024

Gaithersburg home prices fall in June 2019

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The median sale price of a home sold in June 2019 in Gaithersburg fell by $65,000 while total sales decreased by 11.8%, according to BlockShopper.com.

In June 2019, there were 75 homes sold, with a median sale price of $475,000 - a 12% decrease over the $540,000 median sale price for the same period of the previous year. There were 85 homes sold in Gaithersburg in June 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 June 2019.

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

CityJune 2019 Home SalesJune 2018 Home Sales% change (Total Home Sales)June 2019 Median Sales PriceJune 2018 Median Sales Price% change (Median Sales Price)
Colesville332065%$505,000$427,00018.3%
Derwood231553.3%$486,000$465,0004.5%
Rockville5570-21.4%$480,000$537,750-10.7%
Forest Glen131118.2%$480,000$485,000-1%
Washington Grove110%$475,000$545,000-12.8%
Gaithersburg7585-11.8%$475,000$540,000-12%
Dickerson220%$467,500$400,85016.6%
Kemp Mill191258.3%$465,000$435,7506.7%
Cloverly15150%$460,000$466,000-1.3%
White Oak1820-10%$456,500$385,00018.6%
Clarksburg2223-4.3%$455,500$445,0002.4%

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