Altos Market Data for Realtors

Gaithersburg, MD

Single-Family Homes

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Gaithersburg, MD

Sat May 28 2022
This week the median list price for Gaithersburg, MD is $800,000 with the market action index hovering around 83. This is about the same as last month's market action index of 83. Inventory has increased to 61. Click here to stay informed with the Gaithersburg market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Gaithersburg, MD

Sat May 28 2022
This week the median list price for Gaithersburg, MD is $800,000 with the market action index hovering around 83. This is about the same as last month's market action index of 83. Inventory has increased to 61. Click here to stay informed with the Gaithersburg market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Gaithersburg market.
Median List Price $800,000
Median Price of New Listings $749,900
Per Square Foot $270
Average Days on Market 38
Median Days on Market 21
Price Decreased 25%
Price Increased 8%
Relisted 3%
Inventory 61
Median Rent
Market Action 83
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,690,000 4,428 1 - 2.5 acres 5 4.5 0 1 0 140
$980,000 4,234 1 - 2.5 acres 5 3.5 28 7 5 21
$699,900 2,744 0.25 - 0.5 acre 4 3.5 36 7 4 7
$585,000 2,462 0.25 - 0.5 acre 4 3 38 6 5 17