Real Estate Information Archive

Home Sales in Gaithersburg, Maryland 20878 

Things were hopping in Gaithersburg last month.  A total of $39.9 million worth of homes sold during June, which is up 12.51 percent compared to June of last year. 

The total number of homes sold increased by 21.92 percent, and the time that sold homes lingered on the market dropped by 58.67 percent.

Homes Sales in Gaithersburg, Maryland, 20878 

During May a total of $41,638,497 worth of homes sold in zip code 20878, an increase of 88.57 percent over May of 2009.

The median price of homes sold was up 8.80 percent, and the total number of homes sold jumped by 74.00 percent during that same timeframe. 

So thing are heating up….

Home Sales in Gaithersburg, Maryland, 20878

A total of $38.4 million worth of homes sold in the zip code 20878 portion of Gaithersburg during April 2010, which is a 154.04 percent increase over April of 2009.

The median sold price of homes was unchanged over that timeframe, and the total number of units sold was up 142.86 percent.

Here's an update on house and condo sales in the zip code 20878 portion of Gaithersburg, MD.

A total of $12.4 million worth of homes sold in Gaithersburg last month, which is a 44.32 percent increase over sales in February of 2009.

The median sold price was up 24.83 percent, and the number of homes that sold increased by 28.00 percent.

Additionally, the average days on the market for homes that sold was down by 29.35 percent.

So, Gaithersburg is seeing a shift toward a market where more homes are selling more quickly, and at a higher price than last year.

Whether this represents a one-time quirk or the harbinger of a longer-term trend remains to be seen.  We'll be sure to keep you posted!