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Saturday, November 16, 2024

North Potomac home prices rise in November 2018

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The median sale price of a home sold in November 2018 in North Potomac rose by $124,500 while total sales increased by 50%, according to BlockShopper.com.

In November 2018, there were 15 homes sold, with a median sale price of $710,000 - a 21.3% increase over the $585,500 median sale price for the same period of the previous year. There were 10 homes sold in North Potomac in November 2017.

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 November 2018.

The following table compares North Potomac to other Montgomery County cities with similar median sales prices in November 2018:

CityNov. 2018 Home SalesNov. 2017 Home Sales% change (Total Home Sales)Nov. 2018 Median Sales PriceNov. 2017 Median Sales Price% change (Median Sales Price)
Bethesda5562-11.3%$985,000$919,5007.1%
South Kensington9650%$959,000$767,50025%
Potomac393125.8%$900,000$810,00011.1%
Brinklow110%$729,000$460,00058.5%
Brookeville3250%$717,500$503,50042.5%
North Potomac151050%$710,000$585,50021.3%
Darnestown34-25%$707,500$672,4005.2%
North Bethesda1322-40.9%$700,000$637,0009.9%
Cabin John10-$699,000$0-
Garrett Park30-$595,479$0-
Takoma Park13862.5%$589,000$531,00010.9%

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