Altos Market Data for Realtors

Gaithersburg, MD

Single-Family Homes

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Gaithersburg, MD

Tue Mar 19 2024
This week the median list price for Gaithersburg, MD is $899,999 with the market action index hovering around 71. This is an increase over last month's market action index of 69. Inventory has increased to 26. Click here to stay informed with the Gaithersburg market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Gaithersburg, MD

Tue Mar 19 2024
This week the median list price for Gaithersburg, MD is $899,999 with the market action index hovering around 71. This is an increase over last month's market action index of 69. Inventory has increased to 26. Click here to stay informed with the Gaithersburg market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Gaithersburg market.
Median List Price $899,999
Median Price of New Listings $799,900
Per Square Foot $297
Average Days on Market 76
Median Days on Market 14
Price Decreased 23%
Price Increased 4%
Relisted 12%
Inventory 26
Median Rent
Market Action 71
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,890,497 6,370 0.5 - 1 acre 5 5 1 0 0 77
$1,150,000 4,160 1 - 2.5 acres 5 4 26 1 1 35
$799,900 2,625 0.5 - 1 acre 4 3.5 43 3 3 7
$320,000 1,363 0.25 - 0.5 acre 3 2 49 3 3 7