Gaithersburg, MD Home Values & Market Trends
Real estate market trends reflect that there have been 1,240 transactions over the past year in Gaithersburg. The median value for residential home transactions that occurred over the previous year is $498,774.96. The number of current listings in Gaithersburg is 181, and the percentage of properties for sale in the city is 181.00%. Gaithersburg, MD currently has 46 properties in foreclosure, 5 bank owned properties, 15 properties headed for auction, and 181 properties for sale.
Gaithersburg, MD Real Estate Market Overview
Housing Market Summary for Gaithersburg, MD
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $464K | $455.4K | -1.85% |
| Median Sold Price | $443.6K | $455.4K | 2.67% |
| Homes For Sale | 138 | 149 | 7.97% |
| Homes Sold | 732 | 657 | -10.25% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Gaithersburg, MD
Browse Homes in Gaithersburg, MD
Gaithersburg home values range from $46,452 to $12,405,351. The median estimated value of a home in Gaithersburg is $498,774.96. The median list price of a home is 485,000, and the total count of properties in the city is 37,066.
- Pre-ForeclosurePre-foreclosure homes account for 0.07% of all residential properties in Gaithersburg, MD with 20878 containing 8 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Gaithersburg, MD; of those zips, the estimated home value for pre-foreclosure homes ranges from $776,112 in 20882 to the lowest home value of $267,461 in 20878.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Gaithersburg, MD ranges from the highest value of $606,373 in 20877 to the lowest value of $150,531 in 20879. Bank owned homes and properties account for 0.01% of properties in Gaithersburg, MD. There are 5 zips within Gaithersburg, MD; 20878 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions20878 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Gaithersburg, MD. Auction homes and other auction properties account for 0.04% of all properties in Gaithersburg, MD. There are 5 zips within Gaithersburg, MD; of those zips, the median estimated home value for homes going to auction ranges from $1,419,286 in 20882 to the lowest value of $201,454 in 20882.
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Guide for Gaithersburg, MD
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