Home Values

Gaithersburg Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$344,700

  • 1.9% 1-year change
  • -1.2% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in Gaithersburg is $344,700. Gaithersburg home values have gone up 1.9% over the past year and Zillow predicts they will fall -1.2% within the next year. The median list price per square foot in Gaithersburg is $221, which is higher than the Washington Metro average of $207. The median price of homes currently listed in Gaithersburg is $365,000 while the median price of homes that sold is $357,135. The median rent price in Gaithersburg is $1,750, which is lower than the Washington Metro median of $1,855.

Foreclosures will be a factor impacting home values in the next several years. In Gaithersburg 4.6 homes are foreclosed (per 10,000). This is greater than the Washington Metro value of 4.0 and also greater than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Gaithersburg is 8.1%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Gaithersburg homeowners underwater on their mortgage is 17.4%, which is lower than Washington Metro at 19.3%.

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Relative ZHVI
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Gaithersburg Market Overview

Data through Oct 31, 2014
  • $344,700 ZHVI
  • -1.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $365,000 Median listing price
  • $357,135 Median sale price
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Gaithersburg Market Health

Data through Oct 31, 2014
  • 2.7/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 17.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

4.6 homes Gaithersburg
4 homes Washington Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Travilah $1,275,000
Potomac $859,300
North Potomac $621,500
Name Median ZHVI
Boyds $593,300
Rockville $467,200
Derwood $460,600
Name Median ZHVI
North Bethesda $416,300
Germantown $289,400
Montgomery Village $242,900

Listings & Sales

Data through Oct 31, 2014
  • $221 Median list price / sq ft
  • $227 Median sale price / sq ft
  • 53.0% Listings with price cut
23.4%
Sold below listing
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Gaithersburg Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,982 Gaithersburg
    $2,099 Washington Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,750 Rent list price
  • $1.46 Rent list price / sq ft
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