Rockville Home Sales Report for May 2016

Montgomery County Real Estate

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How's the Real Estate Market in Rockville MD?

Rockville home sales saw the following changes in May 2016, compared to last year at this time:

Gaithersburg Housing Market

- average sold price was $476,945 compared to last year's $464,151

- average days on market to sell a home went to 50 days from 55 days

- average sold price sellers are getting changed from 96.4%  to 97.7%

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

Rockville Homes Sold

Through May 2016 there were 303 single family homes, 99 townhouses and 202 condos sold. The most active neighborhoods include King Farm, Aspen Hill Park and Wheaton Woods. The most expensive home sold to date was a colonial on .5 acres in Old Georgetown Estates for $1,395,000.

  The chart below shows average home price in Rockville by type.

Are Sellers Getting Their Asking Price in Rockville?

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) 16.8 of the 604 buyers so far in 2016.  You can see more details in our Rockville Property Value Report.

How Long is it Taking to Sell a Home?

So far in 2016, the average days on market was 50 compared to 55 days last year. You can see more market statistics in our Rockville Real Estate Market Trends 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 Rockville homes for sale, save your favorites and get updates:

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