Altos Market Data for Realtors

Potomac, MD

Single-Family Homes

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Potomac, MD

Fri Apr 03 2020
This week the median list price for Potomac, MD is $1,595,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 122. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Potomac, MD

Fri Apr 03 2020
This week the median list price for Potomac, MD is $1,595,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 122. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Potomac market.
Median List Price $1,595,000
Per Square Foot $238
Days on Market 160
Price Decreased 35%
Price Increased 1%
Relisted 11%
Inventory 122
Median Rent $4,995
Most Expensive $9,900,000
Least Expensive $440,000
Market Action 38
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$3,775,000 12,110 1 - 2.5 acres 6 8 22 1 1 218
$1,911,450 8,686 1 - 2.5 acres 6 6 26 1 3 231
$1,349,999 6,008 1 - 2.5 acres 5 4 32 4 0 94
$889,900 3,766 0.25 - 0.5 acre 4 3 48 9 8 101