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Friday, November 15, 2024

Takoma Park home prices rise in June 2019

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The median sale price of a home sold in June 2019 in Takoma Park rose by $46,000 while total sales increased by 100%, according to BlockShopper.com.

In June 2019, there were 16 homes sold, with a median sale price of $631,000 - a 7.9% increase over the $585,000 median sale price for the same period of the previous year. There were eight homes sold in Takoma Park in June 2018.

The median sales tax in Takoma Park for the most recent year with available data, 2016, was $7,500, approximately 1.2% of the median home sale price for June 2019.

The following table compares Takoma Park to other Montgomery County cities with similar median sales prices in June 2019:

CityJune 2019 Home SalesJune 2018 Home Sales% change (Total Home Sales)June 2019 Median Sales PriceJune 2018 Median Sales Price% change (Median Sales Price)
South Kensington1627-40.7%$777,750$891,000-12.7%
Brinklow110%$749,000$650,00015.2%
North Potomac2027-25.9%$730,000$700,0004.3%
Rossmoor110%$727,335$715,0001.7%
Brookeville6520%$685,000$635,0007.9%
Takoma Park168100%$631,000$585,0007.9%
Ashton-Sandy Spring14137.7%$630,000$609,0003.4%
Silver Spring71676%$589,000$541,0008.9%
Olney4751-7.8%$550,000$498,00010.4%
North Kensington231921.1%$511,000$525,000-2.7%
Colesville332065%$505,000$427,00018.3%

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