From July through September of 2017, there were 229 homes sold, with a median sale price of $449,900 - a 4.9% increase over the $429,000 median sale price for the same period of the previous year. There were 193 homes sold in Gaithersburg in the third quarter of 2016.
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 the third quarter of 2017.
The following table compares Gaithersburg to other Montgomery County cities with similar median sales prices in the third quarter of 2017:
| City | July - Sept. 2017 Home Sales | July - Sept. 2016 Home Sales | % change (Total Home Sales) | July - Sept. 2017 Median Sales Price | July - Sept. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Olney | 138 | 114 | 21.1% | $497,500 | $494,375 | 0.6% |
| Washington Grove | 1 | 3 | -66.7% | $486,224 | $417,500 | 16.5% |
| Forest Glen | 23 | 30 | -23.3% | $480,000 | $430,500 | 11.5% |
| Colesville | 90 | 77 | 16.9% | $475,000 | $440,000 | 8% |
| Derwood | 60 | 58 | 3.4% | $471,500 | $426,500 | 10.6% |
| Gaithersburg | 229 | 193 | 18.7% | $449,900 | $429,000 | 4.9% |
| Cloverly | 23 | 31 | -25.8% | $445,000 | $443,500 | 0.3% |
| Hillandale | 2 | 5 | -60% | $439,000 | $336,900 | 30.3% |
| North Kensington | 46 | 39 | 17.9% | $425,000 | $414,000 | 2.7% |
| Kemp Mill | 42 | 43 | -2.3% | $412,500 | $403,000 | 2.4% |
| White Oak | 44 | 36 | 22.2% | $410,000 | $392,000 | 4.6% |
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