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Thursday, November 28, 2024

What happened to the median home price in North Potomac during September 2021?

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The median sale price of a home sold in September 2021 in North Potomac rose by $40,000 while total sales increased by 66.7%, according to BlockShopper.com.

In September 2021, there were 25 homes sold, with a median sale price of $830,000 - a 5.1% increase over the $790,000 median sale price for the same period of the previous year. There were 15 homes sold in North Potomac in September 2020.

The median sales tax in North Potomac for the most recent year with available data, 2020, was $7,690, approximately 0.9% of the median home sale price for September 2021.

The following table compares North Potomac to other Montgomery County cities with similar median sale prices in September 2021:

CitySept. 2021 Home SalesSept. 2020 Home Sales% change (Total Home Sales)Sept. 2021 Median Sales PriceSept. 2020 Median Sales Price% change (Median Sales Price)
Cabin John12-50%$905,000$1,207,500-25.1%
Washington Grove10-$899,900$0-
Darnestown82300%$887,000$970,000-8.6%
Dickerson20-$887,000$0-
South Kensington12120%$863,500$650,50032.7%
North Potomac251566.7%$830,000$790,0005.1%
Colesville221915.8%$700,000$535,00030.8%
Brookeville34-25%$680,000$707,500-3.9%
Olney3142-26.2%$640,000$511,00025.2%
Kemp Mill141127.3%$605,000$484,90024.8%
Silver Spring644639.1%$577,500$491,25017.6%

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