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Maryland State Wire

Thursday, November 7, 2024

North Potomac home prices rise in April 2018

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The median sale price of a home sold in April 2018 in North Potomac rose by $96,612 while total sales decreased by 36.8%, according to BlockShopper.com.

In April 2018, there were 12 homes sold, with a median sale price of $750,500 - a 14.8% increase over the $653,888 median sale price for the same period of the previous year. There were 19 homes sold in North Potomac in April 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 April 2018.

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

CityApr. 2018 Home SalesApr. 2017 Home Sales% change (Total Home Sales)Apr. 2018 Median Sales PriceApr. 2017 Median Sales Price% change (Median Sales Price)
Travilah1113-15.4%$850,000$1,200,000-29.2%
Potomac41387.9%$850,000$976,500-13%
Darnestown89-11.1%$814,000$800,0001.8%
Brookeville12-50%$790,000$367,500115%
Garrett Park330%$790,000$650,00021.5%
North Potomac1219-36.8%$750,500$653,88814.8%
South Kensington111010%$735,000$782,500-6.1%
North Bethesda2627-3.7%$714,500$765,000-6.6%
Laytonsville5366.7%$675,000$485,00039.2%
Rockville4146-10.9%$580,000$527,50010%
Takoma Park812-33.3%$579,500$558,5003.8%

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