Gaithersburg, MD 20878 Real Estate & Property Data

Gaithersburg, MD 20878 Real Estate Market Trends
Last Updated: April 23, 2024

A total of 669 residential properties have been sold over the past 12 months in 20878. With a median sales price of $755,000 in 20878 and a total of 2 foreclosures in Gaithersburg, MD 20878. Discover market trends and get the granular level real estate data for Gaithersburg, MD 20878 to keep your pulse on the housing market. Curate compelling home reports for Gaithersburg, MD 20878 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Gaithersburg, MD 20878 Real Estate Market Trends
Total Residential Properties 21,510
Total Commercial Properties 1,174
Avg. Home Age (Single Family Home) 37 Years
Avg. Square Feet (Single Family Home) 2,600
Total 2024 Residential Sales (year-to-date) 50
% of Homes Seriously Underwater (Q2 2024) 0.33%
Total 2023 Residential Sales 658
% of Equity Rich Homes (Q2 2024) 48.12%
Effective 2023 Property Tax 0.81%
Total Foreclosure Filings (year-to-date) 9
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Gaithersburg, MD 20878 Real Estate Overview

There were 669 residential properties sold in the past year in Gaithersburg, MD 20878. The median home value in Gaithersburg, MD 20878 is $718,472. There are a total of 21,510 residential properties in the 20878.

Median Sales Price i
$755,000
(Feb 2024)
-26.3%
year-over-year
y-o-y
  • February '24 Feb '24 $755,000
  • January '24 Jan '24 $900,000
  • December '23 Dec '23 $826,000
  • November '23 Nov '23 $920,000
  • October '23 Oct '23 $855,000
  • September '23 Sep '23 $865,000
  • August '23 Aug '23 $950,000
  • July '23 Jul '23 $785,000
  • June '23 Jun '23 $953,000
  • May '23 May '23 $933,000
  • April '23 Apr '23 $877,500
  • March '23 Mar '23 $830,000
Median Down Payment i
$163,000
(Feb 2024)
-13.6%
year-over-year
y-o-y
  • February '24 Feb '24 $163,000
  • January '24 Jan '24 $210,000
  • December '23 Dec '23 $157,537
  • November '23 Nov '23 $189,000
  • October '23 Oct '23 $175,000
  • September '23 Sep '23 $177,000
  • August '23 Aug '23 $204,700
  • July '23 Jul '23 $181,500
  • June '23 Jun '23 $205,700
  • May '23 May '23 $224,873
  • April '23 Apr '23 $237,000
  • March '23 Mar '23 $152,800
Number of Homes Sold i
20
(Feb 2024)
-41.2%
year-over-year
y-o-y
  • February '24 Feb '24 20
  • January '24 Jan '24 30
  • December '23 Dec '23 52
  • November '23 Nov '23 41
  • October '23 Oct '23 46
  • September '23 Sep '23 59
  • August '23 Aug '23 72
  • July '23 Jul '23 41
  • June '23 Jun '23 83
  • May '23 May '23 72
  • April '23 Apr '23 56
  • March '23 Mar '23 63
Number of Purchase Loans i
16
(Feb 2024)
-44.8%
year-over-year
y-o-y
  • February '24 Feb '24 16
  • January '24 Jan '24 27
  • December '23 Dec '23 34
  • November '23 Nov '23 35
  • October '23 Oct '23 40
  • September '23 Sep '23 50
  • August '23 Aug '23 65
  • July '23 Jul '23 33
  • June '23 Jun '23 71
  • May '23 May '23 62
  • April '23 Apr '23 50
  • March '23 Mar '23 52
Number of REFI Loans i
5
(Feb 2024)
-50%
year-over-year
y-o-y
  • February '24 Feb '24 5
  • January '24 Jan '24 10
  • December '23 Dec '23 11
  • November '23 Nov '23 10
  • October '23 Oct '23 18
  • September '23 Sep '23 16
  • August '23 Aug '23 15
  • July '23 Jul '23 12
  • June '23 Jun '23 23
  • May '23 May '23 18
  • April '23 Apr '23 16
  • March '23 Mar '23 18
Number of HELOC Loans i
12
(Feb 2024)
-50%
year-over-year
y-o-y
  • February '24 Feb '24 12
  • January '24 Jan '24 11
  • December '23 Dec '23 22
  • November '23 Nov '23 20
  • October '23 Oct '23 17
  • September '23 Sep '23 12
  • August '23 Aug '23 23
  • July '23 Jul '23 21
  • June '23 Jun '23 23
  • May '23 May '23 24
  • April '23 Apr '23 13
  • March '23 Mar '23 24

Gaithersburg, MD 20878 Foreclosure Activity

There were a total of 2 Gaithersburg, MD 20878 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
2
(Feb 2024)
-60%
year-over-year
y-o-y
  • February '24 Feb '24 2
  • January '24 Jan '24 7
  • December '23 Dec '23 5
  • November '23 Nov '23 1
  • October '23 Oct '23 3
  • September '23 Sep '23 2
  • August '23 Aug '23 4
  • July '23 Jul '23 4
  • June '23 Jun '23 4
  • May '23 May '23 3
  • April '23 Apr '23 3
  • March '23 Mar '23 3
Foreclosure Starts i
2
(Feb 2024)
-33.3%
year-over-year
y-o-y
  • February '24 Feb '24 2
  • January '24 Jan '24 3
  • December '23 Dec '23 2
  • November '23 Nov '23 1
  • October '23 Oct '23 3
  • September '23 Sep '23 1
  • August '23 Aug '23 N/A
  • July '23 Jul '23 3
  • June '23 Jun '23 1
  • May '23 May '23 3
  • April '23 Apr '23 2
  • March '23 Mar '23 3
Completed Foreclosures (REOs) i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 4
  • November '23 Nov '23 N/A
  • October '23 Oct '23 1
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 1
  • May '23 May '23 9
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
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