Altos Market Data for Realtors

Potomac, MD

Single-Family Homes

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Potomac, MD

Sat Apr 27 2024
This week the median list price for Potomac, MD is $2,690,000 with the market action index hovering around 43. This is an increase over last month's market action index of 40. Inventory has increased to 49. Click here to stay informed with the Potomac market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Potomac, MD

Sat Apr 27 2024
This week the median list price for Potomac, MD is $2,690,000 with the market action index hovering around 43. This is an increase over last month's market action index of 40. Inventory has increased to 49. Click here to stay informed with the Potomac market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Potomac market.
Median List Price $2,690,000
Median Price of New Listings $1,999,500
Per Square Foot $358
Average Days on Market 104
Median Days on Market 35
Price Decreased 18%
Price Increased 2%
Relisted 6%
Inventory 49
Median Rent
Market Action 43
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,847,500 12,787 1 - 2.5 acres 7 8 28 2 0 59
$3,725,000 10,030 1 - 2.5 acres 6 8 35 0 1 56
$2,224,000 7,055 1 - 2.5 acres 6 5 37 3 2 21
$1,349,900 3,634 0.25 - 0.5 acre 4 3.5 54 3 9 7