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Maryland State Wire

Thursday, November 7, 2024

Home prices decreased in Potomac during February 2022

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The median sale price of a home sold in February 2022 in Potomac fell by $36,950 while total sales decreased by 38.3%, according to BlockShopper.com.

In February 2022, there were 37 homes sold, with a median sale price of $923,000 - a 3.8% decrease over the $959,950 median sale price for the same period of the previous year. There were 60 homes sold in Potomac in February 2021.

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 February 2022.

The following table compares Potomac to other Montgomery County cities with similar median sale prices in February 2022:

CityFeb. 2022 Home SalesFeb. 2021 Home Sales% change (Total Home Sales)Feb. 2022 Median Sales PriceFeb. 2021 Median Sales Price% change (Median Sales Price)
Chevy Chase1429-51.7%$1,139,500$1,235,000-7.7%
South Kensington89-11.1%$1,007,500$825,00022.1%
North Potomac612-50%$1,002,000$667,50050.1%
Darnestown39-66.7%$970,000$805,00020.5%
Bethesda4694-51.1%$955,500$907,5005.3%
Potomac3760-38.3%$923,000$959,950-3.8%
Garrett Park220%$800,000$670,01019.4%
Boyds10-$730,000$0-
Poolesville78-12.5%$700,000$492,50042.1%
Laytonsville330%$625,000$770,000-18.8%
Colesville1522-31.8%$590,000$480,495.5022.8%

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