The median sale price of a home sold in May 2020 in Gaithersburg fell by $76,500 while total sales decreased by 44.2%, according to BlockShopper.com.
In May 2020, there were 48 homes sold, with a median sale price of $480,500 – a 13.7% decrease over the $557,000 median sale price for the same period of the previous year. There were 86 homes sold in Gaithersburg in May 2019.
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 May 2020.
The following table compares Gaithersburg to other Montgomery County cities with similar median sales prices in May 2020:
| City | May 2020 Home Sales | May 2019 Home Sales | % change (Total Home Sales) | May 2020 Median Sales Price | May 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Derwood | 19 | 12 | 58.3% | $545,000 | $430,000 | 26.7% |
| Takoma Park | 13 | 16 | -18.8% | $545,000 | $621,000 | -12.2% |
| Olney | 38 | 43 | -11.6% | $526,000 | $515,000 | 2.1% |
| Cloverly | 6 | 13 | -53.8% | $523,750 | $460,000 | 13.9% |
| Colesville | 20 | 22 | -9.1% | $482,339 | $509,000 | -5.2% |
| Gaithersburg | 48 | 86 | -44.2% | $480,500 | $557,000 | -13.7% |
| White Oak | 8 | 9 | -11.1% | $477,000 | $510,000 | -6.5% |
| Brookeville | 1 | 4 | -75% | $470,000 | $560,000 | -16.1% |
| Forest Glen | 10 | 8 | 25% | $466,000 | $581,000 | -19.8% |
| Aspen Hill | 40 | 55 | -27.3% | $465,550 | $435,000 | 7% |
| Kemp Mill | 11 | 21 | -47.6% | $459,900 | $440,000 | 4.5% |
