Why Live in Gaithersburg
Gaithersburg’s history stretches back to 1765 when it was a small agricultural village called Log Town. Over the years, it would be defined by its proximity to the Baltimore & Ohio Railroad and the “Great Road West,” now known as Frederick Avenue, where General George Washington marched with his troops between Frederick, Maryland and Georgetown. What remains of the 18th-century town square is still preserved as Olde Towne Plaza, with the city’s MARC train station and several small shops. Neighborhoods encircle The National Institute of Standards and Technology at the city's center, while most shopping and retail dot along the two major thoroughfares running east to west through Gaithersburg. What was once vast swaths of farmland has now been paved over for developments with an expansion of over 4,000 businesses, becoming a magnet for tech companies. Along Interstate 270 is the BioHealth Capital Region, the nickname for Montgomery County’s hub of life science employers like the National Institutes of Health and Walter Reed National Military Medical Center.
Gaithersburg has a population of roughly 69,000 people. The city grew by nearly 10,000 new residents from 2010 to 2020 and
Home Trends in Gaithersburg, MD
On average, homes in Gaithersburg, MD sell after 25 days on the market compared to the national average of 50 days. The median sale price for homes in Gaithersburg, MD over the last 12 months is $535,000, down 1% from the median home sale price over the previous 12 months.
Median Sale Price
$535,000
Median Single Family Sale Price
$745,000
Median Townhouse Sale Price
$510,000
Median 2 Bedroom Sale Price
$315,000
Median 1 Bedroom Sale Price
$188,450
Average Price Per Sq Ft
$251
Number of Homes for Sale
178
Last 12 months Home Sales
848
Median List Price
$547,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-1%