Why Live in Potomac
Potomac, Maryland, is a census-designated place just outside the Capital Beltway, about 14 miles northeast of Washington, D.C. The community of about 50,000 gets its name from the Potomac River along its west side. Potomac is a bit farther from the nation’s capital than other common commuter communities, like Bethesda or Chevy Chase, and locals like the privacy this provides. Potomac’s central commercial corridor has been around for a long time, and a top-rated school system serves the community. “People are attracted to this area for its prestige and proximity to D.C.,” says broker and owner of Reist Corp, Dick Stoner, who sells homes throughout Montgomery County. “People know each other. It’s not a small, folksy town, but people definitely know people who live on their street.” Potomac’s neighborhoods are manicured, with neat, green grass, tidy landscaping, wide roads and a mature tree canopy. The area is known for its lavish housing and large lots. Potomac’s wide variety of architectural styles includes modern builds with sleek lines, Colonial Revivals with ivy crawling up the sides, Greek Revivals with stately columns and Mediterranean estates. Many houses have luxury
Home Trends in Potomac, MD
On average, homes in Potomac, MD sell after 23 days on the market compared to the national average of 50 days. The median sale price for homes in Potomac, MD over the last 12 months is $1,317,500, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$1,317,500
Median Single Family Sale Price
$1,450,000
Median Townhouse Sale Price
$950,000
Median 2 Bedroom Sale Price
$347,000
Median 1 Bedroom Sale Price
$257,000
Average Price Per Sq Ft
$341
Number of Homes for Sale
100
Last 12 months Home Sales
466
Median List Price
$1,330,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%