Potomac home prices rise in September 2020

Medium realestate4

The median sale price of a home sold in September 2020 in Potomac rose by $122,500 while total sales increased by 31.4%, according to BlockShopper.com.

In September 2020, there were 46 homes sold, with a median sale price of $997,500 - a 14% increase over the $875,000 median sale price for the same period of the previous year. There were 35 homes sold in Potomac in September 2019.

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 September 2020.

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

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
Chevy Chase1218-33.3%$1,235,000$1,059,50016.6%
Cabin John21100%$1,207,500$880,00037.2%
Travilah11837.5%$1,137,000$1,189,000-4.4%
Garrett Park220%$1,112,000$567,50095.9%
Bethesda635612.5%$1,099,000$1,134,531-3.1%
Potomac463531.4%$997,500$875,00014%
Darnestown23-33.3%$970,000$915,0006%
North Potomac1517-11.8%$790,000$687,50014.9%
North Bethesda271850%$765,500$592,00029.3%
Takoma Park10825%$690,500$577,50019.6%
South Kensington1014-28.6%$650,500$699,950-7.1%

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