Gaithersburg MD Market Report for Zip Code 20879

This zip code has 38 condo/coops for sale and 167 townhomes and single family homes for sale in zip code 20879, including properties in the Goshen and Woodland Hills communities in Gaithersburg MD at the end of January 2008.

There were 3 condo/coops sold in January and 11 townhomes/single families. The total dollar volume sold has gone down by almost 40% compared to January of last year, with the average sold price up by 1%. The average number of days on market is 158 - sharply up from 83 at this time last year.

Across Gaithersburg, there is a large proportion of ‘short sales'. Out of 932 properties for sale or under contract in all Gaithersburg zip codes (20877, 20878, 20879) as of February 11, 96 are short sales, or 10%. In zip 20879, there were 30 short sales either under contract or for sale out of 225 homes.

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