In October 2020, there were 97 homes sold, with a median sale price of $415,000 - a 19.4% decrease over the $515,000 median sale price for the same period of the previous year. There were 47 homes sold in Gaithersburg in October 2019.
The median sales tax in Gaithersburg for 2020 was $4,750. In 2019, the median sales tax was $4,662. This marks an increase of 1.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.1%.
The following table compares Gaithersburg to other Montgomery County cities with similar median sales prices in October 2020:
| City | Oct. 2020 Home Sales | Oct. 2019 Home Sales | % change (Total Home Sales) | Oct. 2020 Median Sales Price | Oct. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Clarksburg | 9 | 18 | -50% | $455,500 | $442,500 | 2.9% |
| Calverton | 9 | 8 | 12.5% | $444,500 | $410,000 | 8.4% |
| Aspen Hill | 55 | 35 | 57.1% | $435,000 | $437,000 | -0.5% |
| Damascus | 33 | 24 | 37.5% | $430,000 | $378,000 | 13.8% |
| Wheaton-Glenmont | 40 | 49 | -18.4% | $419,750 | $404,000 | 3.9% |
| Gaithersburg | 97 | 47 | 106.4% | $415,000 | $515,000 | -19.4% |
| Brinklow | 1 | 0 | - | $400,000 | $0 | - |
| Germantown | 133 | 85 | 56.5% | $346,000 | $355,000 | -2.5% |
| Burtonsville | 5 | 8 | -37.5% | $335,000 | $340,000 | -1.5% |
| Montgomery Village | 94 | 78 | 20.5% | $319,950 | $318,500 | 0.5% |
| Fairland | 27 | 17 | 58.8% | $310,000 | $397,000 | -21.9% |
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