Average Home Sizes and Asking Prices
Updated On: May 28, 2016
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Homes for Sale in Potomac
Potomac Real Estate & Homes for Sale in Maryland
Potomac is an upscale Washington, D.C., suburb featuring magnificent homes, highly ranked schools, and exceptional convenience to Washington, D.C., and Virginia. The area has been growing steadily over the past decade and is now home to over 45,000 residents. Potomac still feels like a small town where equestrian-related organizations and all forms of recreation can be enjoyed at numerous area parks. The Potomac River is the wildest river running through a metropolitan area anywhere in the world. Millions of canoeists, kayakers, fishermen, joggers, hunters, rowers, hikers, bikers, and birdwatchers take advantage of its unique and world-class recreational opportunities. It is home to national wildlife treasures such as the great blue heron and the American Bald Eagle.
The community is home of the Tournament Players Club at Avenel. TPC at Avenel has hosted numerous PGA tournaments including the Kemper Open and is ranked in the top 100 golf courses in the country. The city has its own medical center and there is a regional hospital in nearby Bethesda. Residents shop at two local centers, Potomac Village and Cabin John, although there are numerous shopping centers and malls in surrounding communities such as Rockville.
Education is a top priority in Montgomery County with over half of the county budget going to public education. Thanks to Potomac's location near the Capital Beltway, residents have an easy 10-mile commute to the Nation's Capital. Potomac's tree-lined streets offer a wide variety of housing from which to choose. Potomac real estate includes single-family homes for sale, estate properties, condominiums, townhouses and land.
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Real Estate Market Summary: Prices of Potomac Homes for Sale
Potomac, Maryland has a fine selection of real estate available. If you are interested in a townhome or condominium in Potomac, expect prices to range anywhere between $310,000 and $1.5 million. Single-family homes in Potomac start in the mid-$500,000s to upwards of several million dollars for estates and larger properties. Million dollar homes on wooded lots can be found as well as equestrian estates and homes with golf course frontage. Large tracts of land in the rural areas of Potomac remain open for future development and agricultural preserve.
Potomac Real Estate Stats and Trends for the week of May 23rd, 2016: homes priced around $968,143 compared to $1,031,211 the previous week, showing a decrease of less than -7%. For Saturday, May 28th, the current national mortgage rate for a 30 year fixed mortgage is 3.66%; the 15 year fixed rate is at 2.77%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.23%, while the 15 year jumbo rate currently is at 3.88%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Potomac MD. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Potomac to help you find the best home!