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Monday, November 25, 2024

Takoma Park home prices fall in September 2018

Re 6

The median sale price of a home sold in September 2018 in Takoma Park fell by $17,500 while total sales decreased by 33.3%, according to BlockShopper.com.

In September 2018, there were 14 homes sold, with a median sale price of $547,500 - a 3.1% decrease over the $565,000 median sale price for the same period of the previous year. There were 21 homes sold in Takoma Park in September 2017.

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 September 2018.

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

CitySept. 2018 Home SalesSept. 2017 Home Sales% change (Total Home Sales)Sept. 2018 Median Sales PriceSept. 2017 Median Sales Price% change (Median Sales Price)
Darnestown8714.3%$653,500$785,000-16.8%
North Potomac17170%$645,000$639,9000.8%
Laytonsville3250%$632,000$807,500-21.7%
Silver Spring3768-45.6%$550,000$468,00017.5%
Rockville4773-35.6%$549,900$560,000-1.8%
Takoma Park1421-33.3%$547,500$565,000-3.1%
Olney3252-38.5%$539,000$484,50011.2%
Forest Glen611-45.5%$517,500$450,00015%
Kemp Mill1318-27.8%$501,000$412,50021.5%
Clarksburg1534-55.9%$475,000$539,950-12%
Cloverly15966.7%$475,000$445,0006.7%

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