GAITHERSBURG HOUSING MARKET DATA

There was a decrease in total units sold in February, with 61 sold this month in Gaithersburg Real Estate versus 67 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 19% versus February 2024.

Versus last year, the total number of homes available this month is higher by 2 units or 2%. The total number of active inventory this February was 120 compared to 118 in February 2024. This month's total of 120 is higher than the previous month's total supply of available inventory of 103, an increase of 17%.

Last February, the median sale price for Gaithersburg Homes was $560,000. This February, the median sale price was $582,150, an increase of 4% or $22,150 compared to last year. The current median sold price is 9% higher than in January.

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

In February, there was 2.0 months of supply available in Gaithersburg, compared to 1.6 in February 2024. That is an increase of 25% 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 93 homes newly listed for sale in Gaithersburg compared to 128 in February 2024, a decrease of 27%. There were 67 current contracts pending sale this February compared to 89 a year ago. The number of current contracts is 25% lower than last February.

In February, the average sale price in Gaithersburg was 101.7% of the average list price, which is 1.1% higher than at this time last year.

This month, the average number of days on market was 26, higher than the average last year, which was 22, an increase of 18%.





FOCUS ON: GAITHERSBURG HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 20877, 20878, 20879, 20882, 20880 and 20899
Units Sold 61	Active Inventory 120	Median Sale Price $582,150	Days On Market 26

Down -19% Vs. Year Ago	Up 2% Vs. Year Ago	Up 4% Vs. Year Ago	Up 18% Vs. Year Ago


		Units Sold There was a decrease in total units sold in February, with 61 sold this month in Gaithersburg Real Estate versus 67 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 19% versus February 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 2 units or 2%. The total number of active inventory this February was 120 compared to 118 in February 2024. This month's total of 120 is higher than the previous month's total supply of available inventory of 103, an increase of 17%.
		Median Sale Price Last February, the median sale price for Gaithersburg Homes was $560,000. This February, the median sale price was $582,150, an increase of 4% or $22,150 compared to last year. The current median sold price is 9% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 93	Current Contracts 67	Sold Vs. List Price 101.7%	Months of Supply 2.0

Down -27% Vs. Year Ago	Down -25% Vs. Year Ago	Up 1.1% Vs. Year Ago	Up 25% Vs. Year Ago


		Months of Supply In February, there was 2.0 months of supply available in Gaithersburg, compared to 1.6 in February 2024. That is an increase of 25% 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 93 homes newly listed for sale in Gaithersburg compared to 128 in February 2024, a decrease of 27%. There were 67 current contracts pending sale this February compared to 89 a year ago. The number of current contracts is 25% lower than last February.
		Sale Price to List Price Ratio In February, the average sale price in Gaithersburg was 101.7% of the average list price, which is 1.1% higher than at this time last year. Days on Market This month, the average number of days on market was 26, higher than the average last year, which was 22, an increase of 18%.


	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.