Is Potomac Falls, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Potomac Falls was a Seller's Market.
Housing Prices in Potomac Falls, MD
How much do homes in Potomac Falls, MD cost?
Median Sold Price
$1,877,500
$413/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Potomac Falls was $1,877,500 in March 2024, down 26.7% from last year, and the median price per square foot was $413.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $900K | - | N/A |
4 Bedrooms | - | $1.8M | N/A |
5+ Bedrooms | $2.6M | $2.0M | -22.2% |
Summary: Potomac Falls housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 22.2%.
Median Sold Price Compared To Nearby Neighborhoods
Potomac | $1.2M | $1.2M | +2.0% |
Potomac Falls | $2.5M | $1.8M | -26.7% |
Housing Supply in Potomac Falls, MD
How many homes are available in Potomac Falls, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Summary: The Potomac Falls real estate market had 8 homes for sale in March 2024, a 60.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 0 | 0 | 0.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Potomac Falls housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Potomac Falls in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Potomac Falls, MD
How long does it take to sell a home in Potomac Falls, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
1 Day | 9 Days | +800.0% |
Summary: Homes in Potomac Falls had an average of 9 days on market in Mar 2024, up by 800% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in Potomac Falls; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.