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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

$592,699

AVERAGE PRICE OF 270 HOMES

$363,157

AVERAGE PRICE OF 5 DISTRESSED HOMES

$1,398,496

AVERAGE PRICE OF 25 MULTI-MILLION DOLLAR HOMES

$956,309

AVERAGE PRICE OF 16 NEWLY BUILT HOMES

$828,483

AVERAGE PRICE OF 6 HOMES WITH A POOL

$492,727

AVERAGE PRICE OF 14 REDUCED PRICE HOMES

Average Home

Average Price $592,699
Avg Bedrooms 3.1 beds
Avg Bathrooms 2.9 baths

Average Price by Bedrooms

1 bedroom $198,783
2 bedrooms $321,762
3 bedrooms $501,184
4 bedrooms $671,271
5 bedrooms $818,533
Gaithersburg Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 282 289 n/a n/a n/a
Average Price $589,439 $581,223 n/a n/a n/a
Avg Price Change +1.41% n/a n/a n/a n/a
Median Price $495,111 $485,699 n/a n/a n/a
Med Price Change +1.94% n/a n/a n/a n/a
Avg Bedrooms 3.15 beds 3.12 beds n/a n/a n/a
Avg Bathrooms 2.96 baths 2.87 baths n/a n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Damascus 9 $785,941 78 days
Gaithersburg 33 $669,297 41 days
Northwest 8 $650,837 35 days
Quince Orchard 39 $748,825 39 days
Watkins Mill 6 $355,616 32 days
Total Homes Average Price Avg Days on Site
All Homes 270 $592,699 75 days
Distressed Homes 5 $363,157 45 days
Multi-Million Dollar Homes 25 $1,398,496 187 days
Newly Built Homes 16 $956,309 189 days
Homes with a Pool 6 $828,483 42 days
Reduced Price Homes 14 $492,727 31 days