A home for sale in Cabin John for $1.349 million.
In recent weeks, UrbanTurf has checked out the neighborhoods in D.C. with the highest prices per square foot in 2014 as well as the priciest zip codes in Northern Virginia, where square footage is less effective at determining exclusivity. This week, we’re again using median sales price data to gauge the priciest zip codes in suburban Maryland. (If you do look at square footage, Chevy Chase and Bethesda are the easy winners.)
Using data from RealEstate Business Intelligence, we compared the median sales price in suburban Maryland zip codes from January-October 2014 to January-October 2013. Here’s what we came up with:
Coming out on top is the small and eclectic neighborhood of Cabin John, an area covering just over a square mile about four miles west of Bethesda. The neighborhood experienced a year-over-year increase in median home sales prices of about 22 percent, the largest gain of any zip codes that made the short list. (Some neighborhoods were excluded due to very low sales volume).
Predictably, Bethesda makes the list twice, along with Chevy Chase; both are known for housing some of D.C.‘s wealthiest residents. Potomac, where sprawling houses reign, also made the list; it’s another oft-cited affluent neighborhood in the D.C. region, although it witnessed a modest year-over-year decline in price.
This article originally published at https://dc.urbanturf.com/articles/blog/the_priciest_zip_codes_in_suburban_maryland_in_2014/9221.
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