If you need assistance, please call 301-651-4900

Gaithersburg

Why you'd want to live in Gaithersburg

Gaithersburg, officially the City of Gaithersburg, is a city in Montgomery County, Maryland, United States. At the time of the 2020 U.S. Census, Gaithersburg had a population of 69,657,[4] making it the ninth-largest location in the state. Gaithersburg is located to the northwest of Washington, and is considered a suburb and a primary city within the Washington–Arlington–Alexandria, DC–VA–MD–WV Metropolitan Statistical Area. Gaithersburg was incorporated as a town in 1878 and as a city in 1968. Gaithersburg is located east and west of Interstate 270. The eastern section includes the historic area of the town. Landmarks and buildings from that time can still be seen in many places but especially in the historic central business district of Gaithersburg called "Olde Towne". The east side also includes Lakeforest Mall, City Hall, and the Montgomery County Fair grounds, and Bohrer Park (a well-known joint community recreation center and outdoor water park for kids and families). The west side of the city has many wealthier neighborhoods that were designed with smart growth techniques and embrace New Urbanism. These include the award-winning Kentlands community, the Lakelands community, and the Washingtonian Center (better known as Rio), a popular shopping/business district. Consumers often come to this area during Black Friday and other shopping holidays for the deals and variety of huge brand name stores like Target and Dick's Sporting Goods, and smaller stores like Francesca's and Blue Mercury. Two New Urbanism communities are under construction, including Watkins Mill Town Center (Casey East and West), and the massive "Science City"[citation needed]. The state has a bus rapid transit line, Corridor Cities Transitway or "CCT", planned for the western portion of the city starting at Shady Grove Metro Station and connecting all the high density western Gaithersburg neighborhoods with a total of eight stops planned in the city.

Gaithersburg Market Report

$552,474

AVERAGE PRICE OF 221 HOMES

$374,137

AVERAGE PRICE OF 4 DISTRESSED HOMES

$1,475,831

AVERAGE PRICE OF 16 MULTI-MILLION DOLLAR HOMES

$935,817

AVERAGE PRICE OF 14 NEWLY BUILT HOMES

$655,559

AVERAGE PRICE OF 5 HOMES WITH A POOL

$175,000

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $552,474
Avg Bedrooms 2.91 beds
Avg Bathrooms 2.72 baths

Average Price by Bedrooms

1 bedroom $214,130
2 bedrooms $279,633
3 bedrooms $472,820
4 bedrooms $659,165
5 bedrooms $845,362
Gaithersburg Home Price Trends
  11/2022 10/2022 9/2022 8/2022 7/2022
Total Listings 238 253 269 282 289
Average Price $554,632 $581,081 $580,910 $589,439 $581,223
Avg Price Change -4.77% +0.03% -1.47% +1.41% n/a
Median Price $478,291 $502,275 $507,860 $495,111 $485,699
Med Price Change -5.01% -1.11% +2.57% +1.94% n/a
Avg Bedrooms 3 beds 3.07 beds 3.09 beds 3.15 beds 3.12 beds
Avg Bathrooms 2.82 baths 2.92 baths 2.91 baths 2.96 baths 2.87 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Damascus 7 $736,840 107 days
Gaithersburg 29 $553,924 55 days
Northwest 10 $648,369 49 days
Quince Orchard 21 $708,171 65 days
Watkins Mill 7 $337,128 19 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 221 $552,474 92 days
Distressed Homes 4 $374,137 96 days
Multi-Million Dollar Homes 16 $1,475,831 276 days
Newly Built Homes 14 $935,817 186 days
Homes with a Pool 5 $655,559 71 days
Reduced Price Homes 1 $175,000 105 days
The Fine Living Group
Jonathan Lahey
1050 Connecticut Ave NW Ste 500
Washington, DC 20036
301-651-4900


The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which The Fine Living Group participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. © 2022 BRIGHT, All Rights Reserved Information Deemed Reliable But Not Guaranteed. Data last updated: December 1, 2022 8 PM.
This site powered by CINC: www.cincpro.com