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South Chester Today

Tuesday, November 12, 2024

Gaithersburg home prices fall in March 2018

Realestate1

The median sale price of a home sold in March 2018 in Gaithersburg fell by $29,500 while total sales decreased by 21.2%, according to BlockShopper.com.

In March 2018, there were 41 homes sold, with a median sale price of $415,000 - a 6.6% decrease over the $444,500 median sale price for the same period of the previous year. There were 52 homes sold in Gaithersburg in March 2017.

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 March 2018.

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

CityMar. 2018 Home SalesMar. 2017 Home Sales% change (Total Home Sales)Mar. 2018 Median Sales PriceMar. 2017 Median Sales Price% change (Median Sales Price)
White Oak1216-25%$431,650$363,50018.7%
Burtonsville67-14.3%$426,200$316,00034.9%
Calverton59-44.4%$425,000$315,00034.9%
Colesville1116-31.3%$423,150$458,000-7.6%
Aspen Hill402937.9%$419,750$385,0009%
Gaithersburg4152-21.2%$415,000$444,500-6.6%
North Kensington1114-21.4%$410,000$423,000-3.1%
Poolesville24-50%$409,000$208,77595.9%
Kemp Mill1015-33.3%$407,500$415,000-1.8%
Cloverly8560%$403,000$445,000-9.4%
Washington Grove10-$398,000$0-

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