20877 Home Values & Market Trends
There are 16 homes currently listed for 20877. 20877 real estate market trends show that home prices range from $200,000 to $699,900, and the median sales price in the 20877 zip code is $585,308. The total number of properties sold within the past twelve months is 202. In 20877, 11 properties are in foreclosure, 1 are bank owned properties,and 2 are headed for auction.
20877 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Gaithersburg | $ 515,000 $ 280/sqft |
Housing Market Summary for 20877
| Oct 2023 | September 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $459K | $479.9K | 4.56% |
| Median Sold Price | $461.4K | $493.6K | 6.99% |
| Homes For Sale | 21 | 16 | -23.81% |
| Homes Sold | 161 | 133 | -17.39% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 20877
Browse Homes in 20877
The median list price of a home in Gaithersburg, is $585,308. A total of 16 properties are for sale, and the percentage of properties for sale in the zip code is 16.00%. The total count of 20877 properties is 172.
- Pre-ForeclosurePre-foreclosure homes account for 4.65% of all residential properties in 20877 with gaithersburg containing 27 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 20877; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,053,167 in gaithersburg to the lowest home value of $201,205 in gaithersburg.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 20877 ranges from the highest value of $432,443 in gaithersburg to the lowest value of $203,793 in gaithersburg. Bank owned homes and properties account for 0.58% of properties in 20877. There is 1 cities within 20877; gaithersburg containing 3 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsgaithersburg has 8 auction properties, the highest number of properties going to auction in a single city in the state of 20877. Auction homes and other auction properties account for 1.16% of all properties in 20877. There is 1 cities within 20877; of that cities, the median estimated home value for homes going to auction ranges from $1,342,317 in gaithersburg to the lowest value of $302,881 in gaithersburg.
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Guide for 20877
Baltimore’s real estate market showcases significant growth with increasing property values and sale prices, indicating robust demand and investor confidence.
In August 2024, Denver saw a 15% YoY rise in pre-foreclosures. Aurora had a 71% surge from July. Fort Collins showed stability with just 1 case, while Lakewood doubled YoY. Colorado Springs reported a 10% drop YoY. Each city reveals unique housing dynamics in Colorado.
In August 2024, LA’s pre-foreclosures plummeted 50% from July and 60% from last year, suggesting better economic conditions or successful homeowner interventions. Similar trends in San Jose, while SF and SD remain stable. Sacramento shows significant improvement. LA’s efforts stand out. #HousingMarket #LosAngeles
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