Gaithersburg, MD 20878 Real Estate Market Report

ZIP Code: 20878
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The primary market value indicator is the median sold price $764,000, which reflects realized transaction activity and anchors valuation expectations in the ZIP code; recent price movement is down year-over-year, suggesting softening relative to the prior year.

2. There is a noticeable gap between the median listing price $860,000 and the median sold price $764,000, which may indicate pricing friction where seller expectations exceed recent sale outcomes; this gap appears to require adjustment for faster alignment between offers and closed transactions.

3. Liquidity appears muted with a long median days on market of 218, consistent with slower sales velocity despite the marketTemperature being neutral; sellers and agents should plan for extended marketing timelines and consider targeted pricing or condition-driven concessions to improve velocity. neutral market temperature

4. Rental demand shows strength with a median market rent of $2,750 and rent year-over-year trend up, while interestRatePressure is reported as moderate, which together suggest rents are rising even as financing conditions remain a cautious headwind for buyers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Gaithersburg, MD 20878 Real Estate Market Report

ZIP Code: 20878
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The most reliable market signal is the median sold price of 399,000, which anchors recent transaction values and corresponds with a year-over-year price direction that is down and therefore suggests recent softness in comparable sale prices.

2. Liquidity appears muted: the median days on market is 302, which points to slower sales velocity and, combined with a neutral market temperature, suggests a balanced market with extended listing durations rather than rapid turnover.

3. There is a notable relationship between the median listing price of 361,950 and the median sold price of 399,000, which may indicate pricing friction or that final sale outcomes are diverging from asking expectations; this gap appears meaningful for pricing strategy and negotiation planning.

4. Rental demand shows strength relative to sales: the median market rent is 2,449 and rent year-over-year trend is up, while interest rate pressure is assessed as moderate, implying financing costs could constrain some buyer segments even as rental fundamentals firm.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.