The median sale price of a home sold in February 2020 in Gaithersburg rose by $129,100 while total sales increased by 48.5%, according to BlockShopper.com.
In February 2020, there were 49 homes sold, with a median sale price of $529,000 – a 32.3% increase over the $399,900 median sale price for the same period of the previous year. There were 33 homes sold in Gaithersburg in February 2019.
The median sales tax in Gaithersburg for the most recent year with available data, 2016, was $5,166, approximately 1% of the median home sale price for February 2020.
The following table compares Gaithersburg to other Montgomery County cities with similar median sales prices in February 2020:
| City | Feb. 2020 Home Sales | Feb. 2019 Home Sales | % change (Total Home Sales) | Feb. 2020 Median Sales Price | Feb. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Potomac | 17 | 9 | 88.9% | $636,000 | $665,000 | -4.4% |
| Washington Grove | 1 | 0 | – | $619,000 | $0 | – |
| Takoma Park | 8 | 5 | 60% | $569,500 | $695,000 | -18.1% |
| Darnestown | 5 | 4 | 25% | $560,000 | $714,500 | -21.6% |
| Rockville | 58 | 27 | 114.8% | $554,000 | $479,000 | 15.7% |
| Gaithersburg | 49 | 33 | 48.5% | $529,000 | $399,900 | 32.3% |
| Dickerson | 2 | 1 | 100% | $524,000 | $272,650 | 92.2% |
| Rossmoor | 2 | 0 | – | $497,996.50 | $0 | – |
| Silver Spring | 39 | 18 | 116.7% | $481,500 | $521,750 | -7.7% |
| Olney | 27 | 21 | 28.6% | $480,000 | $500,000 | -4% |
| Cloverly | 10 | 4 | 150% | $472,500 | $379,999.50 | 24.3% |
