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Friday, November 8, 2024

Gaithersburg home prices fall in February 2019

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The median sale price of a home sold in February 2019 in Gaithersburg fell by $100 while total sales remained unchanged with 33 homes sold, according to BlockShopper.com.

In February 2019, there were 33 homes sold, with a median sale price of $399,900 - a 0% decrease over the $400,000 median sale price for the same period of the previous year. There were 33 homes sold in Gaithersburg in February 2018, as well.

The median sales tax in Gaithersburg for the most recent year with available data, 2016, was $5,166, approximately 1.3% of the median home sale price for February 2019.

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

CityFeb. 2019 Home SalesFeb. 2018 Home Sales% change (Total Home Sales)Feb. 2019 Median Sales PriceFeb. 2018 Median Sales Price% change (Median Sales Price)
White Oak1012-16.7%$470,250$437,5007.5%
Colesville151136.4%$455,000$415,0009.6%
Derwood818-55.6%$451,300$379,95018.8%
Hillandale110%$439,900$400,00010%
Aspen Hill2635-25.7%$425,000$398,0006.8%
Gaithersburg33330%$399,900$400,000-0%
Kemp Mill713-46.2%$398,000$465,000-14.4%
Wheaton-Glenmont3237-13.5%$391,000$375,0004.3%
Forest Glen19-88.9%$380,000$529,900-28.3%
Cloverly46-33.3%$379,999.50$438,950-13.4%
Clarksburg711-36.4%$375,000$418,000-10.3%

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