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In May 2019, there were 61 homes sold, with a median sale price of $885,000 - a 3.1% decrease over the $913,500 median sale price for the same period of the previous year. There were 70 homes sold in Potomac in May 2018.
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 May 2019.
The following table compares Potomac to other Montgomery County cities with similar median sales prices in May 2019:
City | May 2019 Home Sales | May 2018 Home Sales | % change (Total Home Sales) | May 2019 Median Sales Price | May 2018 Median Sales Price | % change (Median Sales Price) |
---|---|---|---|---|---|---|
Chevy Chase | 32 | 23 | 39.1% | $1,170,000 | $1,350,000 | -13.3% |
Cabin John | 2 | 1 | 100% | $1,100,000 | $1,204,000 | -8.6% |
Travilah | 12 | 8 | 50% | $1,091,500 | $1,275,750 | -14.4% |
Bethesda | 93 | 88 | 5.7% | $1,045,000 | $1,085,000 | -3.7% |
Potomac | 61 | 70 | -12.9% | $885,000 | $913,500 | -3.1% |
South Kensington | 23 | 17 | 35.3% | $837,500 | $807,000 | 3.8% |
North Potomac | 16 | 16 | 0% | $741,000 | $683,500 | 8.4% |
Garrett Park | 4 | 3 | 33.3% | $735,500 | $627,000 | 17.3% |
North Bethesda | 39 | 33 | 18.2% | $710,000 | $740,000 | -4.1% |
Darnestown | 7 | 12 | -41.7% | $664,900 | $880,000 | -24.4% |
Laytonsville | 4 | 10 | -60% | $646,200 | $632,092 | 2.2% |