HOMESbyRP of eXp Realty / Richard Pearrell

Potomac, MD

Single-Family Homes

https://HOMESbyRP.com GRI, Associate Broker DC, MD, VA & REALTOR® in FL at eXp Realty, LLC / (301) 991-7061 /


Potomac, MD

Wed Jan 22 2025
This week the median list price for Potomac, MD is $2,872,500 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has decreased to 32. 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 Narrative

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Potomac, MD

Wed Jan 22 2025
This week the median list price for Potomac, MD is $2,872,500 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has decreased to 32. 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 Narrative

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Potomac market.
Median List Price $2,872,500
Median Price of New Listings $2,350,000
Per Square Foot $369
Average Days on Market 148
Median Days on Market 109
Price Decreased 19%
Price Increased 3%
Relisted 6%
Inventory 32
Median Rent
Market Action 42
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$7,600,000 17,451 2.5 - 5 acres 7 9.8 20 0 0 140
$3,397,500 10,500 1 - 2.5 acres 7 8 12 1 0 140
$2,640,000 7,011 1 - 2.5 acres 5 5 36 2 1 84
$1,437,450 3,782 1 - 2.5 acres 4 3.5 47 2 3 98