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FOCUS ON: POTOMAC FALLS HOUSING MARKET |
JUNE 2025 |
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Zip Code(s): 20165 |
Units Sold
38 |
Active Inventory
45 |
Median Sale Price
$740,000 |
Days On Market
16 |
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Up 15%
Vs. Year Ago |
Up 2%
Vs. Year Ago |
Up 14%
Vs. Year Ago |
Up
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in June, with 38 sold this month in Potomac Falls Real Estate versus 49 last month, a decrease of 22%. This month's total units sold was higher than at this time last year, an increase of 15% versus June 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 1 units or 2%. The total number of active inventory this June was 45 compared to 44 in June 2024. This month's total of 45 is lower than the previous month's total supply of available inventory of 56, a decrease of 20%.
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Median Sale Price
Last June, the median sale price for Potomac Falls Homes was $648,500. This June, the median sale price was $740,000, an increase of 14% or $91,500 compared to last year. The current median sold price is 1% 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
33 |
Current Contracts
36 |
Sold Vs. List Price
99.6% |
Months of Supply
1.2 |
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Down -25%
Vs. Year Ago |
Down -20%
Vs. Year Ago |
Down -1.5%
Vs. Year Ago |
Down -11%
Vs. Year Ago |
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Months of Supply
In June, there was 1.2 months of supply available in Potomac Falls, compared to 1.3 in June 2024. That is a decrease of 11% 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 33 homes newly listed for sale in Potomac Falls compared to 44 in June 2024, a decrease of 25%. There were 36 current contracts pending sale this June compared to 45 a year ago. The number of current contracts is 20% lower than last June.
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Sale Price to List Price Ratio
In June, the average sale price in Potomac Falls was 99.6% of the average list price, which is 1.6% lower than at this time last year.
Days on Market
This month, the average number of days on market was 16, higher than the average last year, which was 10. This increase was impacted by the limited number of sales.
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Potomac Falls are defined as properties listed in zip code/s 20165. |
*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. |