$10,000 Closing Credit*
$1,599,000
3,282 SqFt
5 Beds
•3 Full Baths, 2 Partial
Dudley Ward, Listing Office: TTR Sotheby's International Realty
Is Potomac West, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Potomac West has remained a Seller's Market.
Key Takeaway
Potomac West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Potomac West, VA
How much do homes in Potomac West, VA cost?
Median Sold Price
$840,000
$566/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,100(+1.8%)
Key Takeaway
Homes in Potomac West have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Potomac West was $840,000 in November 2024, up 1.8% from last year, and the median price per square foot was $566.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $308.2K | $295K | -4.3% |
| 2 Bedrooms | $749.9K | $749.9K | 0.0% |
| 3 Bedrooms | $822.4K | $865K | +5.2% |
| 4 Bedrooms | $1.2M | $1.2M | +4.0% |
| 5+ Bedrooms | $1.7M | $2.1M | +22.3% |
Summary: Potomac West housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Neighborhoods
| North Ridge / Rosemont | $595K | $687.5K | +15.5% |
| Del Ray | $828.8K | $872.5K | +5.3% |
| Potomac West | $824.9K | $840K | +1.8% |
| North Ridge | $1.0M | $995K | -1.0% |
Housing Supply in Potomac West, VA
How many homes are available in Potomac West, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 41 | -16.3% |
Summary: The Potomac West real estate market had 41 homes for sale in November 2024, a 16.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 24 | 17 | -29.2% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Potomac West housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 29.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Potomac West, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Potomac West in November 2024, down by 12.5% month-over-month. Of the 14 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Potomac West, VA
How long does it take to sell a home in Potomac West, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 49 Days | -5.1% |
Summary: Homes in Potomac West had an average of 49 days on market in Nov 2024, down by 5.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Potomac West are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Potomac West; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
