Altos Research

Potomac, MD

Single-Family Homes

Market Data for Realtors. Schedule a demo today at altos.re.



Potomac, MD

Sun Jun 16 2019
This week the median list price for Potomac, MD is $1,449,500 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 228. Click here to stay informed with the Potomac market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Potomac, MD

Sun Jun 16 2019
This week the median list price for Potomac, MD is $1,449,500 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 228. Click here to stay informed with the Potomac market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Potomac market.
Median List Price $1,449,500
Per Square Foot $241
Days on Market 133
Price Decreased 42%
Price Increased 1%
Relisted 11%
Inventory 228
Median House Rent $3,595
Most Expensive $10,280,000
Least Expensive $365,000
Market Action Index
Slight Seller's Advantage
31

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
$2,600,000 10,649 1 - 2.5 acres 6 7 18 2 2 207
$1,649,000 7,141 1 - 2.5 acres 6 5 31 4 6 163
$1,245,000 5,272 0.5 - 1 acre 5 4 34 7 3 85
$799,999 3,276 0.25 - 0.5 acre 4 3 50 7 7 76