Real Estate Market Update for Gaithersburg, MD
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to January's Market Update. Let's take a look at residential real-estate activity in your area during the month of January. The number of active listings was up 13% from one year earlier and down 6% from the previous month Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month... was just over 370-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 17% This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 330-thousand dollars. The number of units sold Decreased 2% year-over-year and Decreased 35% month-over-month Fewer sales may be indicating more opportunity for buyers to negotiate better sales terms. 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.
Map Information for Gaithersburg, MD
Area Information for Gaithersburg, MD
  • Population: 63,445
  • Median Age: 38.98 yr
  • Median Commute Time: 29.21 mins
  • Educational Climate*: 5
  • Recycling Likelihood**: 113
  • Sales Tax: 6%
  • Population Density: 5,057/sq mi
  • Population Change Since 2000: 20%
  • Closest Airport: Washington Dulles International
  • Closest College: Yeshiva College Nations Capit
  • Closest Jr. College: Montgomery College
  • Median Household Income: $84,405
  • Annual Residential Turnover: 23.33%
  • Median Years in Residence: 2.87 yr
  • Median Home Sales Price: $299,500
  • Closest Major Sports Team: Washington Wizards / Washington Capitals
  • Change Avg. Household Income Since 2000: 41%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for Gaithersburg, MD
Median Age: 38.98 Married: 41% Number of Households: 23,620 Households with Children: 8,021
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 School 0.1 mi Public PRESCHOOL-5 2 3
      Montgomery Village Middle School 0.6 mi Public 6-8 2-5 4
      Watkins Mill Elementary School 1.0 mi Public PRESCHOOL-5 1 3
      Strawberry Knoll Elementary School 1.0 mi Public PRESCHOOL-5 3-5 4
      Stedwick Elementary School 1.0 mi Public PRESCHOOL-5 2-5 4
      Watkins Mill High School 1.2 mi Public 9-12 2-5 3
      South Lake Elementary School 1.2 mi Public PRESCHOOL-5 2 3
      Living Grace Christian School 1.2 mi Private K-10 0 0
      Mother Of God School 1.4 mi Catholic PRESCHOOL-8 0 4
      Village Montessori School 1.5 mi Private PRESCHOOL-K 0 5
      Forest Oak Middle School 1.5 mi Public 6-8 3 4
      Flower Hill Elementary School 1.6 mi Public PRESCHOOL-5 2 4
      Goshen Elementary School 1.7 mi Public PRESCHOOL-5 3 4
      The Jefferson School 1.8 mi Private PRESCHOOL-K 0 0
      Gaithersburg Elementary School 2.1 mi Public PRESCHOOL-5 1 4
      The Foundation School Of Montgomery 2.2 mi Private 7-12 0 0
      Gaithersburg Middle School 2.2 mi Public 6-8 3 3
      The Avalon School 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 6-12 0 0
      Gaithersburg High School 2.5 mi Public 9-12 3 3
      Church Of The Redeemer Christian 2.5 mi Private PRESCHOOL-8 0 5
      Judith A. Resnik Elementary School 2.6 mi Public PRESCHOOL-5 2-5 4
      Summit Hall Elementary School 2.7 mi Public PRESCHOOL-5 3 3
      Covenant Life School 2.8 mi Private K-12 0 5
      Shady Grove Middle School 2.9 mi Public 6-8 3-5 4
      Yang Academy 2.9 mi Private 3-10 0 0
      Washington Grove Elementary School 2.9 mi Public PRESCHOOL-5 4 4
      Gaithersburg Presbyterian Preschool & Kdgn 3.0 mi Private PRESCHOOL-K 0 0
      Brown Station Elementary School 3.0 mi Public PRESCHOOL-5 2 4
      Epworth Preschool And Kindergarten 3.2 mi Private PRESCHOOL-K 0 0
      Diamond Elementary School 3.4 mi Public K-5 4 5
      Rosemont Elementary School 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 School 3.9 mi Public K-5 4-5 4
      Fields Road Elementary School 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 4
      Rachel Carson Elementary School 4.6 mi Public PRESCHOOL-5 5 5
      Thurgood Marshall Elementary School 4.7 mi Public PRESCHOOL-5 4 5
      Quince Orchard High School 5.0 mi Public 9-12 3-5 4
      Thomas Jefferson Preparatory School 5.4 mi Private PRESCHOOL-8 0 5
      Dufief Elementary School 5.4 mi Public PRESCHOOL-5 3-5 5
      Woodfield Elementary School 5.6 mi Public K-5 4-5 5
      Stone Mill Elementary School 5.7 mi Public PRESCHOOL-5 5 4
      Jones Lane Elementary School 6.1 mi Public K-5 3 5
      Georgetown Hill Early School 6.7 mi Private PRESCHOOL-K 0 0
      Darnestown Elementary School 6.8 mi Public K-5 4-5 5
      Travilah Elementary School 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 2014
      Local Weather for Gaithersburg, MD
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.