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Tuesday, November 12, 2024

Gaithersburg home prices rise in September 2018

Realestate4

The median sale price of a home sold in September 2018 in Gaithersburg rose by $64,250 while total sales decreased by 35.9%, according to BlockShopper.com.

In September 2018, there were 59 homes sold, with a median sale price of $458,000 - a 16.3% increase over the $393,750 median sale price for the same period of the previous year. There were 92 homes sold in Gaithersburg in September 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 September 2018.

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

CitySept. 2018 Home SalesSept. 2017 Home Sales% change (Total Home Sales)Sept. 2018 Median Sales PriceSept. 2017 Median Sales Price% change (Median Sales Price)
Forest Glen611-45.5%$517,500$450,00015%
Kemp Mill1318-27.8%$501,000$412,50021.5%
Clarksburg1534-55.9%$475,000$539,950-12%
Cloverly15966.7%$475,000$445,0006.7%
Hillandale12-50%$466,500$439,0006.3%
Gaithersburg5992-35.9%$458,000$393,75016.3%
North Kensington2122-4.5%$436,500$422,5003.3%
Derwood2030-33.3%$429,500$459,500-6.5%
Aspen Hill4164-35.9%$429,000$402,967.506.5%
Colesville2536-30.6%$426,000$485,000-12.2%
White Oak1420-30%$420,000$418,5000.4%

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