GAITHERSBURG HOUSING MARKET DATA

There was an increase in total units sold in April, with 109 sold this month in Gaithersburg Real Estate versus 81 last month, an increase of 35%. This month's total units sold was lower than at this time last year, a decrease of 8% versus April 2024.

Versus last year, the total number of homes available this month is higher by 38 units or 24%. The total number of active inventory this April was 194 compared to 156 in April 2024. This month's total of 194 is lower than the previous month's total supply of available inventory of 202, a decrease of 4%.

Last April, the median sale price for Gaithersburg Homes was $655,000. This April, the median sale price was $583,450, a decrease of 11% or $71,550 compared to last year. The current median sold price is 2% higher than in March.

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

In April, there was 1.8 months of supply available in Gaithersburg, compared to 1.3 in April 2024. That is an increase of 36% 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 147 homes newly listed for sale in Gaithersburg compared to 164 in April 2024, a decrease of 10%. There were 129 current contracts pending sale this April compared to 145 a year ago. The number of current contracts is 11% lower than last April.

In April, the average sale price in Gaithersburg was 102.0% of the average list price, which is 1.2% lower than at this time last year.

This month, the average number of days on market was 13, higher than the average last year, which was 12, an increase of 8%.





FOCUS ON: GAITHERSBURG HOUSING MARKET			APRIL 2025

Zip Code(s): 20877, 20878, 20879, 20882, 20880 and 20899
Units Sold 109	Active Inventory 194	Median Sale Price $583,450	Days On Market 13

Down -8% Vs. Year Ago	Up 24% Vs. Year Ago	Down -11% Vs. Year Ago	Up 8% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 109 sold this month in Gaithersburg Real Estate versus 81 last month, an increase of 35%. This month's total units sold was lower than at this time last year, a decrease of 8% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 38 units or 24%. The total number of active inventory this April was 194 compared to 156 in April 2024. This month's total of 194 is lower than the previous month's total supply of available inventory of 202, a decrease of 4%.
		Median Sale Price Last April, the median sale price for Gaithersburg Homes was $655,000. This April, the median sale price was $583,450, a decrease of 11% or $71,550 compared to last year. The current median sold price is 2% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 147	Current Contracts 129	Sold Vs. List Price 102.0%	Months of Supply 1.8

Down -10% Vs. Year Ago	Down -11% Vs. Year Ago	Down -1.1% Vs. Year Ago	Up 36% Vs. Year Ago


		Months of Supply In April, there was 1.8 months of supply available in Gaithersburg, compared to 1.3 in April 2024. That is an increase of 36% 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 147 homes newly listed for sale in Gaithersburg compared to 164 in April 2024, a decrease of 10%. There were 129 current contracts pending sale this April compared to 145 a year ago. The number of current contracts is 11% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Gaithersburg was 102.0% of the average list price, which is 1.2% lower than at this time last year. Days on Market This month, the average number of days on market was 13, higher than the average last year, which was 12, an increase of 8%.


	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.