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Friday, November 8, 2024

Gaithersburg home prices fall in December 2018

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The median sale price of a home sold in December 2018 in Gaithersburg fell by $50 while total sales increased by 29.5%, according to BlockShopper.com.

In December 2018, there were 57 homes sold, with a median sale price of $449,900 - a 0% decrease over the $449,950 median sale price for the same period of the previous year. There were 44 homes sold in Gaithersburg in December 2017.

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 December 2018.

The following table compares Gaithersburg to other Montgomery County cities with similar median sales prices in December 2018:

CityDec. 2018 Home SalesDec. 2017 Home Sales% change (Total Home Sales)Dec. 2018 Median Sales PriceDec. 2017 Median Sales Price% change (Median Sales Price)
Olney322528%$492,500$465,0005.9%
North Kensington14875%$482,500$549,950-12.3%
Silver Spring583756.8%$481,000$429,00012.1%
Poolesville6450%$462,500$410,00012.8%
Aspen Hill4119115.8%$455,000$410,00011%
Gaithersburg574429.5%$449,900$449,950-0%
Colesville201353.8%$442,500$458,000-3.4%
White Oak618-66.7%$427,500$411,5003.9%
Calverton52150%$421,750$347,562.5021.3%
Kemp Mill69-33.3%$413,666.50$371,00011.5%
Cloverly13944.4%$393,900$410,000-3.9%

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