North Potomac home prices rise in July 2020

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The median sale price of a home sold in July 2020 in North Potomac rose by $145,500 while total sales decreased by 87.5%, according to

In July 2020, there were three homes sold, with a median sale price of $875,000 - a 19.9% increase over the $729,500 median sale price for the same period of the previous year. There were 24 homes sold in North Potomac in July 2019.

The median sales tax in North Potomac for the most recent year with available data, 2016, was $7,380, approximately 0.8% of the median home sale price for July 2020.

The following table compares North Potomac to other Montgomery County cities with similar median sales prices in July 2020:

CityJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
Chevy Chase819-57.9%$1,257,500$1,190,0005.7%
Cabin John24-50%$897,500$1,025,000-12.4%
North Potomac324-87.5%$875,000$729,50019.9%
South Kensington1217-29.4%$667,000$649,0002.8%
Ashton-Sandy Spring27-71.4%$624,500$440,77741.7%

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