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Montgomery News

Tuesday, November 26, 2024

Gaithersburg median home prices rose by 10.8% in December 2021

Realestate4

The median sale price of a home sold in December 2021 in Gaithersburg rose by $45,000 while total sales decreased by 18.2%, according to BlockShopper.com.

In December 2021, there were 81 homes sold, with a median sale price of $460,000 - a 10.8% increase over the $415,000 median sale price for the same period of the previous year. There were 99 homes sold in Gaithersburg in December 2020.

The median sales tax in Gaithersburg for the most recent year with available data, 2020, was $4,750, approximately 1% of the median home sale price for December 2021.

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

CityDec. 2021 Home SalesDec. 2020 Home Sales% change (Total Home Sales)Dec. 2021 Median Sales PriceDec. 2020 Median Sales Price% change (Median Sales Price)
Aspen Hill605313.2%$523,000$433,00020.8%
Olney3739-5.1%$495,000$535,000-7.5%
Damascus26254%$494,000$475,0004%
Forest Glen15150%$476,100$500,000-4.8%
Wheaton-Glenmont665226.9%$464,500$440,0005.6%
Gaithersburg8199-18.2%$460,000$415,00010.8%
Friendship Village103233.3%$434,000$334,90029.6%
North Bethesda5163-19%$432,500$495,000-12.6%
Burtonsville511-54.5%$415,000$400,0003.8%
Calverton111010%$370,000$395,350-6.4%
Germantown124145-14.5%$349,000$340,0002.6%

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