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Montgomery News

Tuesday, November 26, 2024

Home prices decreased in Potomac during November 2021

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The median sale price of a home sold in November 2021 in Potomac fell by $42,800 while total sales increased by 8.6%, according to BlockShopper.com.

In November 2021, there were 63 homes sold, with a median sale price of $880,000 - a 4.6% decrease over the $922,800 median sale price for the same period of the previous year. There were 58 homes sold in Potomac in November 2020.

The median sales tax in Potomac for the most recent year with available data, 2020, was $9,107, approximately 1% of the median home sale price for November 2021.

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

CityNov. 2021 Home SalesNov. 2020 Home Sales% change (Total Home Sales)Nov. 2021 Median Sales PriceNov. 2020 Median Sales Price% change (Median Sales Price)
Bethesda1159323.7%$1,110,000$950,00016.8%
Boyds21100%$1,038,750$275,000277.7%
North Potomac16156.7%$910,000$702,50029.5%
South Kensington211275%$899,000$677,50032.7%
Garrett Park440%$884,500$632,50039.8%
Potomac63588.6%$880,000$922,800-4.6%
Brookeville12-50%$870,000$876,002.50-0.7%
Darnestown10825%$819,750$865,000-5.2%
Brinklow10-$690,300$0-
North Kensington191346.2%$615,000$516,00019.2%
Takoma Park1521-28.6%$610,000$602,5001.2%

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