North Potomac, MD Housing Market
The North Potomac housing market is most competitive. Homes in North Potomac receive 6 offers on average and sell in around 5 days. The median sale price of a home in North Potomac was $1.0M last month, up 27.8% since last year. The median sale price per square foot in North Potomac is $320, up 8.3% since last year.
North Potomac Housing Market Trends
In April 2024, North Potomac home prices were up 27.8% compared to last year, selling for a median price of $1.0M. On average, homes in North Potomac sell after 5 days on the market compared to 6 days last year. There were 18 homes sold in April this year, down from 23 last year.
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How hot is the North Potomac housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 6% above list price and go pending in around 5 days.
- Hot homescan sell for about 9% above list price and go pending in around 3 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 12 days.
- Hot homescan sell for about 7% above list price and go pending in around 5 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 16 days.
- Hot homescan sell for about 7% above list price and go pending in around 5 days.
North Potomac Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into North Potomac from outside metros.
- New York homebuyers searched to move into North Potomac more than any other metro followed by Hartford and Atlanta.
- 82% of North Potomac homebuyers searched to stay within the North Potomac metropolitan area.
- Salisbury was the most popular destination among North Potomac homebuyers followed by Virginia Beach and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,393 | ||
2 | 1,561 | ||
3 | 642 | ||
4 | 348 | ||
5 | 314 | ||
6 | 19 | ||
7 | 12 | ||
8 | 12 | ||
9 | 10 | ||
10 | 9 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 4,468 | ||
2 | 2,447 | ||
3 | 1,942 | ||
4 | 1,579 | ||
5 | 1,486 | ||
6 | 1,371 | ||
7 | 1,288 | ||
8 | 1,272 | ||
9 | 947 | ||
10 | 832 |
Home offer insights for North Potomac
Recent offers
- Winning Offer|7 Weeks Ago~$1M Offer4 bd | 4 ba | ~2,750 sqftOver List Price2%Days on Market6Competing Offers0Down Payment—
- Offer Not Accepted|6 Weeks Ago~$800K OfferSold for $900K4 bd | 3.5 ba | ~2,500 sqftOver List Price0%Days on Market5Competing Offers17Down Payment~40%
- Offer Not Accepted|9 Weeks Ago~$800K OfferSold for $850K5 bd | 3.5 ba | ~2,000 sqftOver List Price0%Days on Market3Competing Offers4Down Payment~20%
- Offer Not Accepted|8 Weeks Ago~$850K OfferSold for $850K3 bd | 3.5 ba | ~2,000 sqftOver List Price8%Days on Market6Competing Offers5Down Payment~20%
- Offer Not Accepted|12 Weeks Ago~$650K OfferSold for $600K3 bd | 3 ba | ~1,500 sqftOver List Price1%Days on Market16Competing Offers1Down Payment~10%
View houses in North Potomac that sold recently
Recently sold homes
- $1,000,000 Last Sold Price4 beds2.5 baths3,200 sq ft9 Quelway Ct, North Potomac, MD 20878(301) 975-9500List Price$950,000Sale to List5% over listDays on Market32 days9 Quelway Ct, North Potomac, MD 20878
- $930,000 Last Sold Price3 beds3.5 baths3,239 sq ft11824 Appaloosa Way, North Potomac, MD 20878(301) 309-8859List Price$930,000Sale to List0% over listDays on Market19 days11824 Appaloosa Way, North Potomac, MD 20878
- $450,000 Last Sold Price3 beds2.5 baths1,408 sq ft14633 Keeneland Cir, North Potomac, MD 20878(240) 219-2422List Price$445,000Sale to List1% over listDays on Market41 days14633 Keeneland Cir, North Potomac, MD 20878
- $880,000 Last Sold Price4 beds2.5 baths2,076 sq ft12500 Hialeah Way, North Potomac, MD 20878(240) 219-2422List Price$880,000Sale to List0% over listDays on Market33 days12500 Hialeah Way, North Potomac, MD 20878
- $1,230,000 Last Sold Price5 beds3.5 baths4,648 sq ft14161 Saddle River Dr, North Potomac, MD 20878(240) 383-1350List Price$1,100,000Sale to List12% over listDays on Market35 days14161 Saddle River Dr, North Potomac, MD 20878
- $1,025,000 Last Sold Price4 beds3.5 baths3,024 sq ft14712 Maine Cove Ter, North Potomac, MD 20878(301) 975-9500List Price$924,990Sale to List11% over listDays on Market20 days14712 Maine Cove Ter, North Potomac, MD 20878
- $655,000 Last Sold Price5 beds3 baths2,578 sq ft15485 Peach Leaf Dr, North Potomac, MD 20878(301) 258-7757List Price$624,900Sale to List5% over listDays on Market32 days15485 Peach Leaf Dr, North Potomac, MD 20878
- $1,100,000 Last Sold Price4 beds4 baths4,169 sq ft11201 Freas Dr, North Potomac, MD 20878(301) 299-1000List Price$969,900Sale to List13% over listDays on Market34 days11201 Freas Dr, North Potomac, MD 20878
See all recently sold homes in North Potomac.
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Schools in North Potomac
- Elementary
- Middle
- High
GreatSchools Rating
10/10 Stone Mill Elementary School Public • PreK-5 | 521 Students | 13 reviews |
8/10 Travilah Elementary School Public • PreK-5 | 323 Students | 12 reviews |
8/10 Rachel Carson Elementary School Public • PreK-5 | 792 Students | 10 reviews |
5/10 Jones Lane Elementary School Public • PreK-5 | 402 Students | 9 reviews |
4/10 Dufief Elementary School Public • PreK-5 | 305 Students | 19 reviews |
Climate's impact on North Potomac housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in North Potomac.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Moderate
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in North Potomac
Walk Score®
Transit Score®
Bike Score®
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