Gaithersburg Home Sales Report October 2016

Gaithersburg Real Estate

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How's the Real Estate Market in Gaithersburg MD?

Gaithersburg home sales saw the following changes in

October 2016, compared to last year at this time:

Gaithersburg Home Sales

- average sold price was $422,800 compared to last year's $430,491

- average days on market to sell a home went to 57 days from 58 days

- average sold price sellers are getting changed from 96.2%  to 97.1%

Gaithersburg market activity is summarized in the following chart (mouse over for details):

Gaithersburg Homes Sold

Through October 2016 there were 672 single family homes, 444 townhouses and 324 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 225 cash buyers (often investors) 15.6% of the 1440 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 57 compared to 58 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:

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