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Maryland State Wire

Thursday, November 7, 2024

Gaithersburg home prices fall in April 2018

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The median sale price of a home sold in April 2018 in Gaithersburg fell by $35,000 while total sales decreased by 30.9%, according to BlockShopper.com.

In April 2018, there were 47 homes sold, with a median sale price of $445,000 - a 7.3% decrease over the $480,000 median sale price for the same period of the previous year. There were 68 homes sold in Gaithersburg in April 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 April 2018.

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

CityApr. 2018 Home SalesApr. 2017 Home Sales% change (Total Home Sales)Apr. 2018 Median Sales PriceApr. 2017 Median Sales Price% change (Median Sales Price)
Forest Glen8560%$507,500$460,00010.3%
Kemp Mill1013-23.1%$485,000$430,00012.8%
Derwood161233.3%$472,520.50$435,0008.6%
Colesville1129-62.1%$465,000$445,0004.5%
North Kensington2029-31%$456,000$435,0004.8%
Gaithersburg4768-30.9%$445,000$480,000-7.3%
Clarksburg1021-52.4%$422,500$429,900-1.7%
Cloverly880%$417,500$442,500-5.6%
Washington Grove10-$414,000$0-
Poolesville46-33.3%$408,749.50$279,95046%
Aspen Hill2845-37.8%$397,500$400,000-0.6%

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