Quantcast

Montgomery News

Wednesday, August 6, 2025

Potomac home prices fall in the second quarter of 2018

Webp re 6

The median sale price of a home sold in the second quarter of 2018 in Potomac fell by $55,500 while total sales increased by 10.2%, according to BlockShopper.com.

From April through June of 2018, there were 184 homes sold, with a median sale price of $899,500 - a 5.8% decrease over the $955,000 median sale price for the same period of the previous year. There were 167 homes sold in Potomac in the second quarter of 2017.

The median sales tax in Potomac for the most recent year with available data, 2016, was $9,559, approximately 1.1% of the median home sale price for the second quarter of 2018.

The following table compares Potomac to other Montgomery County cities with similar median sales prices in the second quarter of 2018:

CityApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
Chevy Chase655518.2%$1,275,000$1,160,0009.9%
Cabin John9728.6%$1,142,000$835,00036.8%
Bethesda274286-4.2%$1,058,000$938,50012.7%
Travilah3538-7.9%$1,050,000$1,068,640-1.7%
Potomac18416710.2%$899,500$955,000-5.8%
Darnestown26260%$845,000$730,00015.8%
South Kensington554037.5%$807,000$772,7504.4%
North Bethesda7989-11.2%$724,000$699,9003.4%
Rossmoor13-66.7%$715,000$715,0000%
Brookeville8633.3%$712,500$601,75018.4%
North Potomac5568-19.1%$701,000$732,500-4.3%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS