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Maryland State Wire

Saturday, June 28, 2025

Potomac home prices fall in May 2017

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The median sale price of a home sold in May 2017 in Potomac fell by $23,991 while total sales increased by 3%, according to BlockShopper.com.

In May 2017, there were 68 homes sold, with a median sale price of $914,509 - a 2.6% decrease over the $938,500 median sale price for the same period of the previous year. There were 66 homes sold in Potomac in May 2016.

The median sales tax in Potomac for the most recent year with available data, 2016, was $9,559, approximately 1% of the median home sale price for May 2017.

The following table compares Potomac to other Montgomery County cities with similar median sales prices in May 2017:

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Chevy Chase221546.7%$1,270,000$1,299,000-2.2%
Travilah1315-13.3%$1,080,000$980,00010.2%
Cabin John23-33.3%$973,250$875,00011.2%
Bethesda102966.3%$949,500$895,0006.1%
Potomac68663%$914,509$938,500-2.6%
Brinklow110%$780,000$506,10754.1%
Darnestown770%$760,000$890,000-14.6%
North Potomac292420.8%$738,000$718,0002.8%
South Kensington14137.7%$732,500$747,000-1.9%
North Bethesda322910.3%$701,000$725,000-3.3%
Takoma Park1517-11.8%$620,000$510,00021.6%

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