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Friday, November 8, 2024

Gaithersburg home prices rise in May 2019

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The median sale price of a home sold in May 2019 in Gaithersburg rose by $2,050 while total sales increased by 7.5%, according to BlockShopper.com.

In May 2019, there were 86 homes sold, with a median sale price of $557,000 - a 0.4% increase over the $554,950 median sale price for the same period of the previous year. There were 80 homes sold in Gaithersburg in May 2018.

The median sales tax in Gaithersburg for the most recent year with available data, 2016, was $5,166, approximately 0.9% of the median home sale price for May 2019.

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

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Laytonsville410-60%$646,200$632,0922.2%
Takoma Park161414.3%$621,000$551,10012.7%
Ashton-Sandy Spring35-40%$595,000$484,50022.8%
Forest Glen810-20%$581,000$437,50032.8%
Brookeville42100%$560,000$693,750-19.3%
Gaithersburg86807.5%$557,000$554,9500.4%
Silver Spring67636.3%$545,000$535,0001.9%
Olney4346-6.5%$515,000$500,2502.9%
White Oak916-43.8%$510,000$415,00022.9%
Colesville2228-21.4%$509,000$479,4006.2%
Rockville534810.4%$505,000$625,000-19.2%

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