Real Estate Market Update for Gaithersburg, MD
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 10% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a greater selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 430-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 8%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 400-thousand dollars. The number of units sold increased 23% year-over-year, and increased 21% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Gaithersburg, MD
Area Information for Gaithersburg, MD
  • Population: 61,834
  • Median Age: 34.34 yr
  • Median Commute Time: 29.21 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 6,062/sq mi
  • Population Change Since 2000: 16.88%
  • Closest Airport: Washington Dulles International
  • Closest College: Uniformed Svcs Univ-herbert Sch Of Med
  • Closest Jr. College: Montgomery College-rockville Campus
  • Median Household Income: $81,520
  • Annual Residential Turnover: 23.66%
  • Median Years in Residence: 2.88 yr
  • Median Home Sales Price: $315,000
  • Closest Major Sports Team: Washington Capitals
  • Change Avg. Household Income Since 2000: 36%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Gaithersburg, MD
Median Age: 34.34 Married: 32% Number of Households: 22,362 Households with Children: 7,615
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Gaithersburg, MD

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Whetstone Elementary 0.1 mi Public PRESCHOOL-5 1 3
      Montgomery Village Middle School 0.6 mi Public 6-8 1 4
      Watkins Mill Elementary 1.0 mi Public PRESCHOOL-5 1 3
      Strawberry Knoll Elementary 1.0 mi Public PRESCHOOL-5 2-5 4
      Stedwick Elementary 1.0 mi Public PRESCHOOL-5 1 4
      Watkins Mill High School 1.2 mi Public 9-12 2 3
      Living Grace Christian School 1.2 mi Private K-10 0 0
      South Lake Elementary 1.3 mi Public PRESCHOOL-5 1 3
      Mother Of God School 1.4 mi Catholic PRESCHOOL-8 0 4
      Village Montessori School Inc 1.5 mi Private PRESCHOOL-K 0 0
      Forest Oak Middle School 1.5 mi Public 6-8 3 4
      Flower Hill Elementary 1.6 mi Public PRESCHOOL-5 1 4
      Goshen Elementary 1.7 mi Public PRESCHOOL-5 2-5 4
      Gaithersburg Elementary 2.1 mi Public PRESCHOOL-5 1 4
      The Foundation School Of Montgomery County 2.2 mi Private 7-12 0 0
      Gaithersburg Middle School 2.2 mi Public 6-8 2-5 3
      Avalon School, The 2.3 mi Catholic K-12 0 0
      St Martin's School 2.3 mi Catholic PRESCHOOL-8 0 4
      Forbush School At Oakmont Upper School The 2.4 mi Private 8-12 0 0
      Gaithersburg High School 2.5 mi Public 9-12 3 3
      Church Of The Redeemer Christian School 2.5 mi Private PRESCHOOL-8 0 5
      Judith A Resnik Elementary 2.6 mi Public PRESCHOOL-5 2-5 4
      Summit Hall Elementary 2.7 mi Public PRESCHOOL-5 2 3
      Covenant Life School 2.8 mi Private PRESCHOOL-12 0 5
      Shady Grove Middle School 2.9 mi Public 6-8 3-5 4
      Yang Academy 2.9 mi Private 5-12 0 0
      Washington Grove Elementary 2.9 mi Public PRESCHOOL-5 2-5 4
      Gaithersburg Presbyterian Preschool & Kd 3.0 mi Private PRESCHOOL-K 0 0
      Brown Station Elementary 3.0 mi Public PRESCHOOL-5 2 4
      Epworth Preschool And Kindergarten 3.2 mi Private PRESCHOOL-K 0 0
      Diamond Elementary 3.4 mi Public K-5 4-5 5
      Rosemont Elementary 3.4 mi Public PRESCHOOL-5 2-5 4
      Goddard School In Gaithersburg The 3.5 mi Private PRESCHOOL-K 0 0
      Marcia D Smith School 3.7 mi Private 12-12 0 0
      Laytonsville Elementary 3.9 mi Public K-5 3 4
      Fields Road Elementary 4.0 mi Public PRESCHOOL-5 2-5 4
      Ridgeview Middle School 4.1 mi Public 6-8 4 3
      Lakelands Park Middle School 4.4 mi Public 6-8 4-5 4
      Rachel Carson Elementary 4.6 mi Public PRESCHOOL-5 4-5 4
      Thurgood Marshall Elementary 4.7 mi Public PRESCHOOL-5 4 5
      Quince Orchard High School 5.0 mi Public 9-12 3-5 4
      Dufief Elementary 5.4 mi Public PRESCHOOL-5 3 5
      Woodfield Elementary 5.6 mi Public K-5 4 5
      Stone Mill Elementary 5.7 mi Public PRESCHOOL-5 5 4
      Jones Lane Elementary 6.1 mi Public K-5 3-5 5
      Georgetown Hill Early School 6.7 mi Private PRESCHOOL-K 0 0
      Darnestown Elementary 6.8 mi Public K-5 3-5 5
      Travilah Elementary 6.9 mi Public K-5 5 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Gaithersburg, MD
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.