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Montgomery News

Monday, November 25, 2024

North Potomac home prices rise in August 2019

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The median sale price of a home sold in August 2019 in North Potomac rose by $17,000 while total sales decreased by 39.3%, according to BlockShopper.com.

In August 2019, there were 17 homes sold, with a median sale price of $771,000 - a 2.3% increase over the $754,000 median sale price for the same period of the previous year. There were 28 homes sold in North Potomac in August 2018.

The median sales tax in North Potomac for the most recent year with available data, 2016, was $7,380, approximately 1% of the median home sale price for August 2019.

The following table compares North Potomac to other Montgomery County cities with similar median sales prices in August 2019:

CityAug. 2019 Home SalesAug. 2018 Home Sales% change (Total Home Sales)Aug. 2019 Median Sales PriceAug. 2018 Median Sales Price% change (Median Sales Price)
Bethesda85841.2%$1,093,625$1,015,566.507.7%
South Kensington1722-22.7%$928,500$747,49524.2%
Travilah1622-27.3%$915,500$1,154,500-20.7%
Boyds40-$870,656.50$0-
Brookeville45-20%$781,250$759,0002.9%
North Potomac1728-39.3%$771,000$754,0002.3%
Rossmoor10-$740,000$0-
Ashton-Sandy Spring511-54.5%$723,150$710,0001.9%
North Bethesda3337-10.8%$656,000$710,000-7.6%
Darnestown67-14.3%$642,500$930,000-30.9%
Laytonsville51400%$625,700$560,00011.7%

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