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Tuesday, November 12, 2024

Gaithersburg home prices rise in May 2018

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The median sale price of a home sold in May 2018 in Gaithersburg rose by $132,450 while total sales increased by 42.9%, according to BlockShopper.com.

In May 2018, there were 80 homes sold, with a median sale price of $554,950 - a 31.3% increase over the $422,500 median sale price for the same period of the previous year. There were 56 homes sold in Gaithersburg in May 2017.

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 2018.

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

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Brookeville21100%$693,750$535,00029.7%
North Potomac1629-44.8%$683,500$738,000-7.4%
Laytonsville103233.3%$632,092$530,00019.3%
Garrett Park34-25%$627,000$597,5004.9%
Rockville4864-25%$625,000$510,00022.5%
Gaithersburg805642.9%$554,950$422,50031.3%
Takoma Park1415-6.7%$551,100$620,000-11.1%
Silver Spring6368-7.4%$535,000$545,000-1.8%
Poolesville910-10%$532,500$428,00024.4%
Olney464015%$500,250$515,000-2.9%
Derwood2124-12.5%$500,000$505,500-1.1%

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