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Friday, November 8, 2024

Gaithersburg home prices rise in January 2019

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The median sale price of a home sold in January 2019 in Gaithersburg rose by $25,000 while total sales increased by 7%, according to BlockShopper.com.

In January 2019, there were 46 homes sold, with a median sale price of $415,000 - a 6.4% increase over the $390,000 median sale price for the same period of the previous year. There were 43 homes sold in Gaithersburg in January 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 January 2019.

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

CityJan. 2019 Home SalesJan. 2018 Home Sales% change (Total Home Sales)Jan. 2019 Median Sales PriceJan. 2018 Median Sales Price% change (Median Sales Price)
Forest Glen56-16.7%$445,000$470,000-5.3%
Clarksburg325-88%$429,999$459,000-6.3%
Colesville22220%$427,500$452,500-5.5%
Hillandale110%$426,000$409,9003.9%
Kemp Mill1114-21.4%$420,000$423,500-0.8%
Gaithersburg46437%$415,000$390,0006.4%
North Kensington1416-12.5%$409,950$439,000-6.6%
White Oak1214-14.3%$404,000$404,0000%
Wheaton-Glenmont54508%$401,450$350,00014.7%
Damascus1728-39.3%$380,000$383,000-0.8%
Aspen Hill37362.8%$376,000$407,000-7.6%

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