Why Live in Shady Grove
Shady Grove in Gaithersburg, Maryland, is a suburban neighborhood situated between Gaithersburg and Rockville, forming part of the I-270 Bio Corridor. This area is notable for its concentration of over 370 biotech companies, providing ample employment opportunities. Residents benefit from proximity to the Baltimore and D.C. marketplaces, as well as access to healthcare facilities like the Adventist Healthcare Shady Grove Medical Center. The neighborhood is also home to the Shady Grove Metro Station, a major transit hub. Educational opportunities are abundant, with institutions like Johns Hopkins University-Montgomery County Campus and the Universities at Shady Grove offering various degree programs. Retail options include the Downtown Crown Shopping Center, featuring stores like Harris Teeter and LA Fitness, and the Fallsgrove Village Center, known for its Safeway and Krispy Kreme. For dining and entertainment, the Rio lakefront district offers restaurants such as Copper Canyon and an AMC Theater. Outdoor activities are available at Stream Valley Park and Washington Woods Park, which offer hiking trails, sports courts, and playgrounds. Housing in Shady Grove primarily consists of recently constructed townhomes and condos, with a range of apartment options for renters. The neighborhood is served by highly rated schools, including Fields Road Elementary School, Shady Grove Middle School, and Thomas S. Wooton High School. Shady Grove is safer than the national average, making it a practical choice for families. The area is well-connected, with the Red Line at Shady Grove Metro providing a direct route to Washington, D.C., about 20 miles away.
Home Trends in Shady Grove, MD
On average, homes in Shady Grove, Gaithersburg sell after 38 days on the market compared to the national average of 70 days. The median sale price for homes in Shady Grove, Gaithersburg over the last 12 months is $430,000, down 26% from the median home sale price over the previous 12 months.
Median Sale Price
$430,000
Median Single Family Sale Price
$485,000
Median Townhouse Sale Price
$266,000
Median 2 Bedroom Sale Price
$305,500
Median 1 Bedroom Sale Price
$899,000
Average Price Per Sq Ft
$263
Number of Homes for Sale
14
Last 12 months Home Sales
183
Median List Price
$475,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-26%