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Friday, November 15, 2024

Takoma Park home prices rise in November 2018

Realestate2

The median sale price of a home sold in November 2018 in Takoma Park rose by $58,000 while total sales increased by 62.5%, according to BlockShopper.com.

In November 2018, there were 13 homes sold, with a median sale price of $589,000 - a 10.9% increase over the $531,000 median sale price for the same period of the previous year. There were eight homes sold in Takoma Park in November 2017.

The median sales tax in Takoma Park for the most recent year with available data, 2016, was $7,500, approximately 1.3% of the median home sale price for November 2018.

The following table compares Takoma Park to other Montgomery County cities with similar median sales prices in November 2018:

CityNov. 2018 Home SalesNov. 2017 Home Sales% change (Total Home Sales)Nov. 2018 Median Sales PriceNov. 2017 Median Sales Price% change (Median Sales Price)
North Potomac151050%$710,000$585,50021.3%
Darnestown34-25%$707,500$672,4005.2%
North Bethesda1322-40.9%$700,000$637,0009.9%
Cabin John10-$699,000$0-
Garrett Park30-$595,479$0-
Takoma Park13862.5%$589,000$531,00010.9%
Rockville3743-14%$582,000$459,00026.8%
Forest Glen6450%$551,000$492,50011.9%
Silver Spring4146-10.9%$515,000$452,45013.8%
Ashton-Sandy Spring5425%$510,000$407,45025.2%
Colesville20195.3%$507,000$415,00022.2%

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