How's the Real Estate Market in Gaithersburg MD?
Gaithersburg home sales saw the following changes in May 2016, compared to last year at this time:
- average sold price was $422,047 compared to last year's $415,728
- average days on market to sell a home went to 69 days from 60 days
- average sold price sellers are getting changed from 96.3% to 96.5%
Gaithersburg market activity is summarized in the following chart (mouse over for details):
Gaithersburg Homes Sold
Through May 2016 there were 303 single family homes, 195 townhouses and 145 condos sold. The most active neighborhoods are Kentlands and Lakelands. The most expensive home sold to date was a custom colonial in Quail Run for $1.2 million.
The chart below shows average home price in Gaithersburg by type.
Are Sellers Getting Their Asking Price in Gaithersburg?
The chart below shows the proportion of the original listing price a home seller is getting when they sell, taking into account price reductions. There were 102 cash buyers (often investors) 15.8% of the 643 buyers so far in 2016. You can see more details in our Gaithersburg Property Value Report.
How Long is it Taking to Sell a Home?
So far in 2016, the average days on market was 69 compared to 60 days last year. You can see more market statistics in our Gaithersburg Real Estate Trends Market Report.
Call Bob Myers of Re/Max Realty Services at 301-910-9910 if you have any questions about the value of your home or the real estate market. Search for Gaithersburg homes for sale, save your favorites and get updates: