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Tuesday, November 26, 2024

Pricing for the median home in Gaithersburg increased during November 2021

Realestate5

The median sale price of a home sold in November 2021 in Gaithersburg rose by $88,001 while total sales increased by 32.5%, according to BlockShopper.com.

In November 2021, there were 110 homes sold, with a median sale price of $513,001 - a 20.7% increase over the $425,000 median sale price for the same period of the previous year. There were 83 homes sold in Gaithersburg in November 2020.

The median sales tax in Gaithersburg for the most recent year with available data, 2020, was $4,750, approximately 0.9% of the median home sale price for November 2021.

The following table compares Gaithersburg to other Montgomery County cities with similar median sale prices in November 2021:

CityNov. 2021 Home SalesNov. 2020 Home Sales% change (Total Home Sales)Nov. 2021 Median Sales PriceNov. 2020 Median Sales Price% change (Median Sales Price)
Derwood311693.8%$560,000$447,67525.1%
Cloverly176183.3%$553,000$548,2500.9%
Olney3940-2.5%$550,000$598,500-8.1%
White Oak191435.7%$537,000$462,50016.1%
Laytonsville42100%$534,500$617,500-13.4%
Gaithersburg1108332.5%$513,000.50$425,00020.7%
Calverton151225%$505,000$445,00013.5%
Rockville615217.3%$500,000$580,000-13.8%
Aspen Hill7637105.4%$490,000$468,0004.7%
Poolesville8633.3%$489,950$636,000-23%
Damascus35329.4%$485,000$451,5007.4%

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