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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

$584,713

AVERAGE PRICE OF 299 HOMES

$935,236

AVERAGE PRICE OF 18 NEWLY BUILT HOMES

$939,985

AVERAGE PRICE OF 11 HOMES WITH A POOL

$1,307,704

AVERAGE PRICE OF 22 MULTI-MILLION DOLLAR HOMES

$561,130

AVERAGE PRICE OF 8 REDUCED PRICE HOMES

$283,333

AVERAGE PRICE OF 3 DISTRESSED HOMES

Average Home

Average Price $584,713
Avg Bedrooms 3.34 beds
Avg Bathrooms 2.91 baths

Average Price by Bedrooms

1 bedroom $181,550
2 bedrooms $275,001
3 bedrooms $503,453
4 bedrooms $669,680
5 bedrooms $844,041
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Quince Orchard High School 45 $775,031 27 days
Gaithersburg High School 28 $579,936 22 days
Damascus High School 14 $858,496 32 days
Northwest High School 13 $685,633 23 days
Watkins Mill High School 7 $391,960 14 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 299 $584,713 43 days
Newly Built Homes 18 $935,236 153 days
Homes with a Pool 11 $939,985 10 days
Multi-Million Dollar Homes 22 $1,307,704 131 days
Reduced Price Homes 8 $561,130 37 days
Distressed Homes 3 $283,333 141 days
The Fine Living Group
Jonathan Lahey
1050 Connecticut Ave NW Ste 500
Washington, DC 20036
301-651-4900


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