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Monday, August 4, 2025

Takoma Park home prices fall in June 2017

Re 7

The median sale price of a home sold in June 2017 in Takoma Park fell by $49,500 while total sales increased by 42.9%, according to BlockShopper.com.

In June 2017, there were 20 homes sold, with a median sale price of $535,000 - a 8.5% decrease over the $584,500 median sale price for the same period of the previous year. There were 14 homes sold in Takoma Park in June 2016.

The median sales tax in Takoma Park for the most recent year with available data, 2016, was $7,500, approximately 1.4% of the median home sale price for June 2017.

The following table compares Takoma Park to other Montgomery County cities with similar median sales prices in June 2017:

CityJune 2017 Home SalesJune 2016 Home Sales% change (Total Home Sales)June 2017 Median Sales PriceJune 2016 Median Sales Price% change (Median Sales Price)
Brookeville330%$668,500$574,90016.3%
Darnestown10100%$657,234.50$739,500-11.1%
North Bethesda3032-6.3%$649,500$662,750-2%
Garrett Park24-50%$642,500$557,25015.3%
Rockville5261-14.8%$595,500$570,0004.5%
Takoma Park201442.9%$535,000$584,500-8.5%
Boyds15-80%$532,000$370,00043.8%
Derwood3015100%$517,450$448,80015.3%
Silver Spring866532.3%$497,500$499,000-0.3%
Forest Glen1112-8.3%$495,000$358,75038%
Olney524418.2%$478,500$522,500-8.4%

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