GAITHERSBURG HOUSING MARKET DATA

There was an increase in total units sold in March, with 80 sold this month in Gaithersburg Real Estate versus 62 last month, an increase of 29%. This month's total units sold was higher than at this time last year, an increase of 8% versus March 2024.

Versus last year, the total number of homes available this month is lower by 1 units or 1%. The total number of active inventory this March was 153 compared to 154 in March 2024. This month's total of 153 is higher than the previous month's total supply of available inventory of 147, an increase of 4%.

Last March, the median sale price for Gaithersburg Homes was $605,000. This March, the median sale price was $574,950, a decrease of 5% or $30,050 compared to last year. The current median sold price is 1% lower than in February.

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

In March, there was 1.9 months of supply available in Gaithersburg, compared to 2.1 in March 2024. That is a decrease of 8% 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 145 homes newly listed for sale in Gaithersburg compared to 154 in March 2024, a decrease of 6%. There were 123 current contracts pending sale this March compared to 108 a year ago. The number of current contracts is 14% higher than last March.

In March, the average sale price in Gaithersburg was 102.1% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 28, higher than the average last year, which was 16, an increase of 75%.





FOCUS ON: GAITHERSBURG HOUSING MARKET			MARCH 2025

Zip Code(s): 20877, 20878, 20879, 20882, 20880 and 20899
Units Sold 80	Active Inventory 153	Median Sale Price $574,950	Days On Market 28

Up 8% Vs. Year Ago	Down -1% Vs. Year Ago	Down -5% Vs. Year Ago	Up 75% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 80 sold this month in Gaithersburg Real Estate versus 62 last month, an increase of 29%. This month's total units sold was higher than at this time last year, an increase of 8% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 1 units or 1%. The total number of active inventory this March was 153 compared to 154 in March 2024. This month's total of 153 is higher than the previous month's total supply of available inventory of 147, an increase of 4%.
		Median Sale Price Last March, the median sale price for Gaithersburg Homes was $605,000. This March, the median sale price was $574,950, a decrease of 5% or $30,050 compared to last year. The current median sold price is 1% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 145	Current Contracts 123	Sold Vs. List Price 102.1%	Months of Supply 1.9

Down -6% Vs. Year Ago	Up 14% Vs. Year Ago	Down -0.7% Vs. Year Ago	Down -8% Vs. Year Ago


		Months of Supply In March, there was 1.9 months of supply available in Gaithersburg, compared to 2.1 in March 2024. That is a decrease of 8% 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 145 homes newly listed for sale in Gaithersburg compared to 154 in March 2024, a decrease of 6%. There were 123 current contracts pending sale this March compared to 108 a year ago. The number of current contracts is 14% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Gaithersburg was 102.1% of the average list price, which is 0.7% lower than at this time last year. Days on Market This month, the average number of days on market was 28, higher than the average last year, which was 16, an increase of 75%.


	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.