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Friday, November 15, 2024

North Potomac home prices rise in April 2019

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The median sale price of a home sold in April 2019 in North Potomac rose by $500 while total sales increased by 8.3%, according to BlockShopper.com.

In April 2019, there were 13 homes sold, with a median sale price of $751,000 - a 0.1% increase over the $750,500 median sale price for the same period of the previous year. There were 12 homes sold in North Potomac in April 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 April 2019.

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

CityApr. 2019 Home SalesApr. 2018 Home Sales% change (Total Home Sales)Apr. 2019 Median Sales PriceApr. 2018 Median Sales Price% change (Median Sales Price)
Bethesda6570-7.1%$920,000$1,152,500-20.2%
North Bethesda26260%$837,500$714,50017.2%
South Kensington211190.9%$800,000$735,0008.8%
Potomac44417.3%$792,937.50$850,000-6.7%
Cabin John24-50%$771,828.50$1,045,500-26.2%
North Potomac13128.3%$751,000$750,5000.1%
Rossmoor10-$735,000$0-
Darnestown9812.5%$700,000$814,000-14%
Laytonsville35-40%$650,000$675,000-3.7%
Takoma Park168100%$630,750$579,5008.8%
Silver Spring363020%$574,224$529,4508.5%

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