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Potomac

Why you'd want to live in Potomac

Potomac is a census-designated place (CDP) in Montgomery County, Maryland, United States, named after the nearby Potomac River. Potomac is the seventh most educated small town in America, based on percentage of residents with postsecondary degrees.[1] Bloomberg Businessweek labeled Potomac as the twenty-ninth-richest zip code in the United States in 2011, stating that it had the largest population of any U.S. town with a median income of more than $240,000.[2] In 2012, The Higley Elite 100 published a list of highest-income neighborhoods by mean household income, which included four neighborhoods in Potomac; one of these neighborhoods, "Carderock-The Palisades" was ranked the highest-income neighborhood in the United States, followed by "Beverly Hills-North of Sunset" in Beverly Hills, California and "Swinks Mill-Dominion Reserve" of McLean, Virginia.[3] More recently, two Potomac neighborhoods were ranked among the ten wealthiest neighborhoods in the country by CNBC in 2014.[4] In 2018, data from the American Community Survey revealed that Potomac was the sixth-wealthiest city in the United States.[5] Many Potomac residents work in nearby Washington, D.C.

Potomac Market Report

$1,950,712

AVERAGE PRICE OF 172 HOMES

$5,248,271

AVERAGE PRICE OF 4 NEWLY BUILT HOMES

$3,867,026

AVERAGE PRICE OF 35 HOMES WITH A POOL

$2,408,095

AVERAGE PRICE OF 111 MULTI-MILLION DOLLAR HOMES

$1,899,497

AVERAGE PRICE OF 4 REDUCED PRICE HOMES

$718,500

AVERAGE PRICE OF 3 DISTRESSED HOMES

Average Home

Average Price $1,950,712
Avg Bedrooms 4.85 beds
Avg Bathrooms 4.93 baths

Average Price by Bedrooms

1 bedroom n/a
2 bedrooms $1,095,000
3 bedrooms $876,992
4 bedrooms $1,198,695
5 bedrooms $1,689,113
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Winston Churchill High School 97 $1,755,347 48 days
Richard Montgomery High School 13 $1,009,990 18 days
Thomas S. Wootton High School 11 $1,476,665 33 days
Walt Whitman High School 8 $2,608,285 24 days
Total Homes Average Price Avg Days on Site
All Homes 172 $1,950,712 51 days
Newly Built Homes 4 $5,248,271 121 days
Homes with a Pool 35 $3,867,026 75 days
Multi-Million Dollar Homes 111 $2,408,095 60 days
Reduced Price Homes 4 $1,899,497 44 days
Distressed Homes 3 $718,500 62 days