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Maryland State Wire

Friday, May 3, 2024

North Potomac median home prices rose by 50.1% in February 2022

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The median sale price of a home sold in February 2022 in North Potomac rose by $334,500 while total sales decreased by 50%, according to BlockShopper.com.

In February 2022, there were six homes sold, with a median sale price of $1,002,000 - a 50.1% increase over the $667,500 median sale price for the same period of the previous year. There were 12 homes sold in North Potomac in February 2021.

The median sales tax in North Potomac for the most recent year with available data, 2020, was $7,690, approximately 0.8% of the median home sale price for February 2022.

The following table compares North 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)
Travilah310-70%$1,425,000$1,133,75025.7%
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%

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