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Montgomery News

Tuesday, November 26, 2024

Gaithersburg home prices rose in 2021

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The median sale price of a home sold in 2021 in Gaithersburg rose by $42,100 while total sales increased by 32%, according to BlockShopper.com.

From January through December of 2021, there were 1,237 homes sold, with a median sale price of $465,000 - a 10% increase over the $422,900 median sale price for the previous year. There were 937 homes sold in Gaithersburg in 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 2021.

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

CityJan. - Dec. 2021 Home SalesJan. - Dec. 2020 Home Sales% change (Total Home Sales)Jan. - Dec. 2021 Median Sales PriceJan. - Dec. 2020 Median Sales Price% change (Median Sales Price)
White Oak22417528%$525,000$470,00011.7%
Poolesville1158830.7%$480,000$455,7005.3%
Aspen Hill77455340%$475,000$428,00011%
North Bethesda90067633.1%$470,000$480,000-2.1%
Forest Glen17712245.1%$470,000$479,950-2.1%
Gaithersburg1,23793732%$465,000$422,90010%
Wheaton-Glenmont71152934.4%$451,000$408,40010.4%
Damascus38430326.7%$449,900$410,0009.7%
Burtonsville1288158%$423,250$379,00011.7%
Calverton1409252.2%$399,500$377,5005.8%
Germantown1,8261,35534.8%$351,000$335,0004.8%

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