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In Gaithersburg, MD, the detached home market remained active in April, with the median sold price reaching $820,000. That reflects a 3.1% increase from the previous month, although prices were down 11.7% compared to April 2025. Homes sold in an average of 14 days, which is in line with the typical pace for this time of year and slightly above the 5-year April average.
Buyer activity also picked up significantly during the month. New pending contracts increased 47.1% month over month, reaching 75 new contracts, while total pending sales rose 33.9% to 75 transactions. At the same time, inventory expanded sharply, with active listings increasing 60.7% to 90 homes on the market.
As a result, the Contract Ratio, which measures the number of pending sales compared to active listings, came in at 0.83 pendings per active listing. That was down from 1.00 in March but improved from 0.56 in April 2025. The current ratio remains below the 5-year April average of 1.04, suggesting the market is becoming more balanced as inventory levels rise. Generally, a higher Contract Ratio indicates stronger seller leverage, while a lower ratio points toward more negotiating power for buyers.
