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| FOCUS ON: NORTH POTOMAC HOUSING MARKET |
SEPTEMBER 2025 |
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| Zip Code(s): 20878 |
Units Sold
57 |
Active Inventory
127 |
Median Sale Price
$584,000 |
Days On Market
28 |
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Up 16%
Vs. Year Ago |
Up 67%
Vs. Year Ago |
Down -6%
Vs. Year Ago |
Up 27%
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in September, with 57 sold this month in North Potomac Real Estate versus 60 last month, a decrease of 5%. This month's total units sold was higher than at this time last year, an increase of 16% versus September 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 51 units or 67%. The total number of active inventory this September was 127 compared to 76 in September 2024. This month's total of 127 is lower than the previous month's total supply of available inventory of 137, a decrease of 7%.
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Median Sale Price
Last September, the median sale price for North Potomac Homes was $620,000. This September, the median sale price was $584,000, a decrease of 6% or $36,000 compared to last year. The current median sold price is 18% lower than in August.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
62 |
Current Contracts
51 |
Sold Vs. List Price
98.8% |
Months of Supply
2.2 |
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Up 15%
Vs. Year Ago |
Down -4%
Vs. Year Ago |
Down -1.5%
Vs. Year Ago |
Up 44%
Vs. Year Ago |
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Months of Supply
In September, there was 2.2 months of supply available in North Potomac, compared to 1.6 in September 2024. That is an increase of 44% versus a year ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
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New Listings & Current Contracts
This month there were 62 homes newly listed for sale in North Potomac compared to 54 in September 2024, an increase of 15%. There were 51 current contracts pending sale this September compared to 53 a year ago. The number of current contracts is 4% lower than last September.
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Sale Price to List Price Ratio
In September, the average sale price in North Potomac was 98.8% of the average list price, which is 1.5% lower than at this time last year.
Days on Market
This month, the average number of days on market was 28, higher than the average last year, which was 22, an increase of 27%.
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North Potomac are defined as properties listed in zip code/s 20878. |
| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. |
Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |