Single-Family Homes
Tue Mar 19 2024
This week the median list price for Potomac, MD is $3,277,010 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has increased to 36.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $3,277,010 | |
Median Price of New Listings | $1,550,000 | |
Per Square Foot | $351 | |
Average Days on Market | 138 | |
Median Days on Market | 39 | |
Price Decreased | 11% | |
Price Increased | 3% | |
Relisted | 8% | |
Inventory | 36 | |
Median Rent | ||
Market Action | 45 | |
Strong Seller's Market |
This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$5,900,000 | 14,222 | 1 - 2.5 acres | 6 | 8 | 23 | 0 | 0 | 168 |
$3,900,000 | 10,500 | 1 - 2.5 acres | 7 | 8 | 36 | 0 | 1 | 35 |
$2,299,000 | 8,400 | 1 - 2.5 acres | 6 | 7 | 28 | 1 | 0 | 28 |
$1,550,000 | 4,816 | 0.5 - 1 acre | 5 | 4.5 | 51 | 4 | 6 | 7 |