Altos Market Data for Realtors

Potomac, MD

Single-Family Homes

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Potomac, MD

Tue Jun 15 2021
This week the median list price for Potomac, MD is $1,819,000 with the market action index hovering around 66. This is an increase over last month's market action index of 58. Inventory has increased to 54. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Potomac, MD

Tue Jun 15 2021
This week the median list price for Potomac, MD is $1,819,000 with the market action index hovering around 66. This is an increase over last month's market action index of 58. Inventory has increased to 54. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Potomac market.
Median List Price $1,819,000
Median Price of New Listings $925,000
Per Square Foot $280
Average Days on Market 129
Median Days on Market 28
Price Decreased 17%
Price Increased 2%
Relisted 9%
Inventory 54
Median Rent $5,000
Market Action 66
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$4,500,000 15,663 2.5 - 5 acres 6 9 19 0 2 98
$2,475,000 10,129 1 - 2.5 acres 5 6 33 0 0 63
$1,534,000 6,740 1 - 2.5 acres 6 5 27 3 2 35
$889,500 3,256 0.25 - 0.5 acre 4 3 51 10 7 0