If you need assistance, please call 301-651-4900

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

$2,208,388

AVERAGE PRICE OF 104 HOMES

$1,514,250

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,657,808

AVERAGE PRICE OF 79 MULTI-MILLION DOLLAR HOMES

$2,831,333

AVERAGE PRICE OF 3 NEWLY BUILT HOMES

$4,339,745

AVERAGE PRICE OF 20 HOMES WITH A POOL

$3,820,000

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $2,208,388
Avg Bedrooms 4.65 beds
Avg Bathrooms 5.36 baths

Average Price by Bedrooms

3 bedrooms $866,333
4 bedrooms $1,135,979
5 bedrooms $1,955,882
Potomac Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 136 145 n/a n/a n/a
Average Price $2,040,481 $1,961,549 n/a n/a n/a
Avg Price Change +4.02% n/a n/a n/a n/a
Median Price $1,465,156 $1,459,000 n/a n/a n/a
Med Price Change +0.42% n/a n/a n/a n/a
Avg Bedrooms 4.71 beds 4.71 beds n/a n/a n/a
Avg Bathrooms 5.2 baths 5.17 baths n/a n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Richard Montgomery 5 $1,099,760 20 days
Thomas S. Wootton 7 $1,407,857 34 days
Walt Whitman 6 $2,401,167 76 days
Winston Churchill 57 $1,976,361 73 days
Total Homes Average Price Avg Days on Site
All Homes 104 $2,208,388 70 days
Distressed Homes 4 $1,514,250 70 days
Multi-Million Dollar Homes 79 $2,657,808 82 days
Newly Built Homes 3 $2,831,333 91 days
Homes with a Pool 20 $4,339,745 142 days
Reduced Price Homes 3 $3,820,000 120 days