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Saturday, May 3, 2025

North Potomac home prices rise in the second half of 2018

Webp re 12

The median sale price of a home sold in the second half of 2018 in North Potomac rose by $22,500 while total sales increased by 32.9%, according to BlockShopper.com.

From July through December of 2018, there were 101 homes sold, with a median sale price of $685,000 - a 3.4% increase over the $662,500 median sale price for the same period of the previous year. There were 76 homes sold in North Potomac in the second half of 2017.

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 second half of 2018.

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

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Potomac30925023.6%$920,000$878,5004.7%
South Kensington846823.5%$757,495$697,5008.6%
Brookeville1011-9.1%$744,500$625,00019.1%
North Bethesda1481424.2%$730,000$694,0005.2%
Darnestown392934.5%$725,000$780,000-7.1%
North Potomac1017632.9%$685,000$662,5003.4%
Laytonsville1620-20%$646,000$637,4001.3%
Garrett Park171154.5%$625,000$674,000-7.3%
Ashton-Sandy Spring492969%$600,000$527,50013.7%
Takoma Park77735.5%$589,000$540,0009.1%
Washington Grove3250%$560,000$515,6128.6%

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