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Sunday, December 22, 2024

North Potomac home prices rise in the first quarter of 2019

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The median sale price of a home sold in the first quarter of 2019 in North Potomac rose by $16,000 while total sales decreased by 20.7%, according to BlockShopper.com.

From January through March of 2019, there were 23 homes sold, with a median sale price of $670,000 - a 2.4% increase over the $654,000 median sale price for the same period of the previous year. There were 29 homes sold in North Potomac in the first quarter of 2018.

The median sales tax in North Potomac for the most recent year with available data, 2016, was $7,380, approximately 1.1% of the median home sale price for the first quarter of 2019.

The following table compares North Potomac to other Montgomery County cities with similar median sales prices in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Brookeville16-83.3%$875,000$795,00010.1%
Potomac1111073.7%$875,000$870,0000.6%
South Kensington2331-25.8%$727,500$635,00014.6%
Darnestown1220-40%$723,750$668,0008.3%
North Bethesda5368-22.1%$711,000$657,5008.1%
North Potomac2329-20.7%$670,000$654,0002.4%
Garrett Park990%$665,000$630,0005.6%
Takoma Park2535-28.6%$605,000$530,50014%
Brinklow13-66.7%$600,000$310,87093%
Ashton-Sandy Spring9728.6%$575,000$820,000-29.9%
Rockville102105-2.9%$530,000$513,0003.3%

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