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Montgomery News

Friday, November 15, 2024

North Potomac home prices rise in May 2019

Realestate4

The median sale price of a home sold in May 2019 in North Potomac rose by $57,500 while total sales remained unchanged with 16 homes sold, according to BlockShopper.com.

In May 2019, there were 16 homes sold, with a median sale price of $741,000 - a 8.4% increase over the $683,500 median sale price for the same period of the previous year. There were 16 homes sold in North Potomac in May 2018, as well.

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 May 2019.

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

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Cabin John21100%$1,100,000$1,204,000-8.6%
Travilah12850%$1,091,500$1,275,750-14.4%
Bethesda93885.7%$1,045,000$1,085,000-3.7%
Potomac6170-12.9%$885,000$913,500-3.1%
South Kensington231735.3%$837,500$807,0003.8%
North Potomac16160%$741,000$683,5008.4%
Garrett Park4333.3%$735,500$627,00017.3%
North Bethesda393318.2%$710,000$740,000-4.1%
Darnestown712-41.7%$664,900$880,000-24.4%
Laytonsville410-60%$646,200$632,0922.2%
Takoma Park161414.3%$621,000$551,10012.7%

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