Gaithersburg, MD Foreclosures
How much do homes sell for in Gaithersburg, MD?
The average home price is currently $630,163.
In Gaithersburg, MD, how many homes are available?
There are currently 133 active home listings available in Gaithersburg.
What’s the average rental cost in Gaithersburg, MD?
The average rental price in Gaithersburg is $2,341.
What is the most expensive home in Gaithersburg?
The most expensive home sold in Gaithersburg had a price of $183,616,544.
What is currently the cheapest priced home in Gaithersburg, MD?
The cheapest home for sale in Gaithersburg is priced at $11,042.
Living in Gaithersburg, MD
Gaithersburg, MD, is a dynamic city that blends suburban charm with urban conveniences. Known for its strong community vibe, diverse neighborhoods, and excellent school system, it provides a great quality of life for its residents. Its abundant parks and excellent transport links make this city a desirable place to live for families and professionals alike.
Current Market Conditions in Gaithersburg, MD
The real estate market in Gaithersburg, MD, has shown consistent growth over the past year. Home sales have surged, with a notable increase in demand for single-family homes and townhomes. Buyers are attracted to the city due to its appealing neighborhoods, recreational options, and proximity to Washington, D.C.
Currently, the city is experiencing a competitive market with low inventory levels, leading to bidding wars and higher prices for available homes. The average time on the market for properties has decreased, indicating strong buyer interest and a robust housing market.
Home Value Estimator For Gaithersburg, MD
There are currently 43,263 real estate properties
in Gaithersburg, MD,
with a median automated valuation model (AVM) price
of $486,272.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Gaithersburg, MD, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Gaithersburg, MD,
is $630,163.00, with the most expensive house
in Gaithersburg, MD, topping out
at $183,616,544.00 and the cheapest home
in Gaithersburg, MD,
clocking in at $11,042.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Gaithersburg, MD!
Rent Prices
In Gaithersburg, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Gaithersburg, MD, is on
a rollercoaster ride. The
average rent price in Gaithersburg, MD,
is $2,341.00. Indeed, when looking to rent in
Gaithersburg, MD, you can expect to pay as little
as $980.00 or as much
as $7,360.00,
with the average rent median estimated to
be $2,240.00. The good news is that finding
an affordable and desirable property to rent in Gaithersburg, MD
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
