Is Gaithersburg, MD a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Gaithersburg is a seller's market


Difference Since May 2023

Since last year, Gaithersburg has remained a Seller's Market.

Key Takeaway

Gaithersburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Gaithersburg, MD

How much do homes in Gaithersburg, MD cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Gaithersburg have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Gaithersburg was $525,970 in May 2024, up 8.4% from last year, and the median price per square foot was $261.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $167.5K$194.9K
2 $245.2K$325.7K
3 $460K$473.5K
4 $640K$674.1K
5+ $860K$900K

Summary: Gaithersburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 32.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Cities


Housing Supply in Gaithersburg, MD

How many homes are available in Gaithersburg, MD?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Gaithersburg real estate market had 306 homes for sale in May 2024, a 14.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1515
2 3648
3 87105
4 7782
5+ 5356

Summary: The Gaithersburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 5.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

48 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gaithersburg, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Summary: A total of 78 homes were sold or pending in Gaithersburg in May 2024, down by 12.4% month-over-month. Of the 78 sold homes, 13% were sold under asking, 26% were sold at asking, and 62% were sold over asking.

Days on Market for Gaithersburg, MD

How long does it take to sell a home in Gaithersburg, MD?

Average Sale Time

May 2023May 2024CHANGE
11 Days11 Days+2.0%

Summary: Homes in Gaithersburg had an average of 11 days on market in May 2024, up by 2% compared to last year.

Breakdown of Home Sale Times

72 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gaithersburg are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 78 homes were sold in Gaithersburg; 92% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Gaithersburg, MD

Nearby Markets to Gaithersburg, MD

What housing markets are near Gaithersburg, MD?