North Potomac home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in North Potomac rose by $24,250 while total sales decreased by 13.8%, according to

From July through September of 2020, there were 50 homes sold, with a median sale price of $756,500 - a 3.3% increase over the $732,250 median sale price for the same period of the previous year. There were 58 homes sold in North Potomac in the third quarter of 2019.

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 the third quarter of 2020.

The following table compares North Potomac to other Montgomery County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Cabin John770%$1,020,000$1,100,000-7.3%
Garrett Park770%$780,000$650,00020%
North Potomac5058-13.8%$756,500$732,2503.3%
South Kensington4348-10.4%$756,000$734,2503%
North Bethesda86824.9%$725,000$658,00010.2%

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