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FOCUS ON: NORTH POTOMAC HOUSING MARKET |
JUNE 2025 |
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Zip Code(s): 20878 |
Units Sold
88 |
Active Inventory
115 |
Median Sale Price
$699,500 |
Days On Market
22 |
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Up 26%
Vs. Year Ago |
Up 22%
Vs. Year Ago |
Down -6%
Vs. Year Ago |
Down -19%
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in June, with 88 sold this month in North Potomac Real Estate versus 67 last month, an increase of 31%. This month's total units sold was higher than at this time last year, an increase of 26% versus June 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 21 units or 22%. The total number of active inventory this June was 115 compared to 94 in June 2024. This month's total of 115 is lower than the previous month's total supply of available inventory of 119, a decrease of 3%.
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Median Sale Price
Last June, the median sale price for North Potomac Homes was $747,495. This June, the median sale price was $699,500, a decrease of 6% or $47,995 compared to last year. The current median sold price is 4% higher than in May.
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
77 |
Current Contracts
61 |
Sold Vs. List Price
100.1% |
Months of Supply
1.3 |
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Down -4%
Vs. Year Ago |
Up 2%
Vs. Year Ago |
Down -1.3%
Vs. Year Ago |
No Change
Vs. Year Ago |
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Months of Supply
In June, there was 1.3 months of supply available in North Potomac. The amount of supply is similar compared to 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 77 homes newly listed for sale in North Potomac compared to 80 in June 2024, a decrease of 4%. There were 61 current contracts pending sale this June compared to 60 a year ago. The number of current contracts is 2% higher than last June.
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Sale Price to List Price Ratio
In June, the average sale price in North Potomac was 100.1% of the average list price, which is 1.3% lower than at this time last year.
Days on Market
This month, the average number of days on market was 22, lower than the average last year, which was 27, a decrease of 19%.
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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. |