The Potomac housing market is most competitive. Homes in Potomac receive 7 offers on average and sell in around 7 days. The median sale price of a home in Potomac was $1.4M last month, up 8.1% since last year. The median sale price per square foot in Potomac is $360, up 8.7% since last year.
In April 2024, Potomac home prices were up 8.1% compared to last year, selling for a median price of $1.4M. On average, homes in Potomac sell after 7 days on the market compared to 8 days last year. There were 45 homes sold in April this year, up from 38 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,355,000
+8.1% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Potomac, MD
$1,355,000
+8.1%
United States
To compare other locations to the Potomac and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Potomac add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Potomac housing market?
Potomac is most competitive. Homes sell in 7 days.
0
100
92
Most Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 4% above list price and go pending in around 7 days.
Hot homes
can sell for about 11% above list price and go pending in around 5 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Potomac
Explore recent offers and recently sold homes in Potomac
Recent offers
Offer Not Accepted|
10 Weeks Ago
~$650K Offer
Sold for $750K
2bd | 3.5ba | ~1,500sqft
Over List Price
5%
Days on Market
6
Competing Offers
13
Offer
All Cash
Lupe Rohrer
Potomac Redfin Agent
Renovated townhouse. Had 13 offers we ended up #2 and escalated $133k and lost. Many offers were cash offers. Don't be fooled the market is still strong…
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Potomac housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Potomac.
Risk Factor
Flood Factor - Moderate
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Potomac has a moderate risk of flooding. 1,410 properties in Potomac are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in Potomac. Flood risk is increasing slower than the national average.
68% of properties are at risk of wildfire over the next 30 years
Fire Factor
Potomac has a moderate risk of wildfire. There are 10,934 properties in Potomac that have some risk of being affected by wildfire over the next 30 years. This represents 68% of all properties in Potomac.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Potomac has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Potomac is most at risk from hurricanes. 15,879 properties in Potomac have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 64 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 76 mph.