GAITHERSBURG HOUSING MARKET DATA

There was an increase in total units sold in May, with 122 sold this month in Gaithersburg Real Estate versus 110 last month, an increase of 11%. This month's total units sold was lower than at this time last year, a decrease of 15% versus May 2024.

Versus last year, the total number of homes available this month is higher by 48 units or 29%. The total number of active inventory this May was 211 compared to 163 in May 2024. This month's total of 211 is lower than the previous month's total supply of available inventory of 241, a decrease of 12%.

Last May, the median sale price for Gaithersburg Homes was $614,750. This May, the median sale price was approximately the same at $581,500. The current median sold price is 5% lower than in May 2024.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 1.7 months of supply available in Gaithersburg, compared to 1.1 in May 2024. That is an increase of 53% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 152 homes newly listed for sale in Gaithersburg compared to 155 in May 2024, a decrease of 2%. There were 148 current contracts pending sale this May compared to 131 a year ago. The number of current contracts is 13% higher than last May.

In May, the average sale price in Gaithersburg was 101.1% of the average list price, which is 2.7% lower than at this time last year.

This month, the average number of days on market was 18, higher than the average last year, which was 12, an increase of 50%.





FOCUS ON: GAITHERSBURG HOUSING MARKET			MAY 2025

Zip Code(s): 20877, 20878, 20879, 20882, 20880 and 20899
Units Sold 122	Active Inventory 211	Median Sale Price $581,500	Days On Market 18

Down -15% Vs. Year Ago	Up 29% Vs. Year Ago	Down -5% Vs. Year Ago	Up 50% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 122 sold this month in Gaithersburg Real Estate versus 110 last month, an increase of 11%. This month's total units sold was lower than at this time last year, a decrease of 15% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 48 units or 29%. The total number of active inventory this May was 211 compared to 163 in May 2024. This month's total of 211 is lower than the previous month's total supply of available inventory of 241, a decrease of 12%.
		Median Sale Price Last May, the median sale price for Gaithersburg Homes was $614,750. This May, the median sale price was approximately the same at $581,500. The current median sold price is 5% lower than in May 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 152	Current Contracts 148	Sold Vs. List Price 101.1%	Months of Supply 1.7

Down -2% Vs. Year Ago	Up 13% Vs. Year Ago	Down -2.6% Vs. Year Ago	Up 53% Vs. Year Ago


		Months of Supply In May, there was 1.7 months of supply available in Gaithersburg, compared to 1.1 in May 2024. That is an increase of 53% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 152 homes newly listed for sale in Gaithersburg compared to 155 in May 2024, a decrease of 2%. There were 148 current contracts pending sale this May compared to 131 a year ago. The number of current contracts is 13% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Gaithersburg was 101.1% of the average list price, which is 2.7% lower than at this time last year. Days on Market This month, the average number of days on market was 18, higher than the average last year, which was 12, an increase of 50%.


	Gaithersburg are defined as properties listed in zip code/s 20877, 20878, 20879, 20882, 20880 and 20899.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.