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Tuesday, November 12, 2024

Gaithersburg home prices fall in January 2018

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The median sale price of a home sold in January 2018 in Gaithersburg fell by $34,850 while total sales decreased by 41.9%, according to BlockShopper.com.

In January 2018, there were 43 homes sold, with a median sale price of $390,000 - a 8.2% decrease over the $424,850 median sale price for the same period of the previous year. There were 74 homes sold in Gaithersburg in January 2017.

The median sales tax in Gaithersburg for the most recent year with available data, 2016, was $5,166, approximately 1.3% of the median home sale price for January 2018.

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

CityJan. 2018 Home SalesJan. 2017 Home Sales% change (Total Home Sales)Jan. 2018 Median Sales PriceJan. 2017 Median Sales Price% change (Median Sales Price)
Hillandale10-$409,900$0-
Aspen Hill3643-16.3%$407,000$398,0002.3%
White Oak1421-33.3%$404,000$380,0006.3%
Boyds10-$399,900$0-
Derwood1015-33.3%$391,250$455,000-14%
Gaithersburg4374-41.9%$390,000$424,850-8.2%
Damascus281855.6%$383,000$347,45010.2%
Wheaton-Glenmont5058-13.8%$350,000$350,0000%
Poolesville79-22.2%$350,000$400,000-12.5%
Calverton83166.7%$325,500$329,950-1.3%
Brinklow31200%$310,870$449,400-30.8%

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