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Montgomery News

Wednesday, December 25, 2024

Takoma Park home prices rise in 2018

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The median sale price of a home sold in 2018 in Takoma Park rose by $40,000 while total sales decreased by 7.8%, according to BlockShopper.com.

From January through December of 2018, there were 142 homes sold, with a median sale price of $567,500 - a 7.6% increase over the $527,500 median sale price for the previous year. There were 154 homes sold in Takoma Park in 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 2018.

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

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
North Potomac1851774.5%$685,000$690,000-0.7%
Rossmoor5366.7%$680,000$715,000-4.9%
Laytonsville493636.1%$632,000$638,450-1%
Garrett Park373023.3%$625,000$650,000-3.8%
Ashton-Sandy Spring816622.7%$585,000$560,0004.5%
Takoma Park142154-7.8%$567,500$527,5007.6%
Washington Grove7540%$545,000$400,00036.3%
Rockville548610-10.2%$537,250$530,0001.4%
Silver Spring615638-3.6%$525,000$489,2507.3%
Olney413442-6.6%$490,000$487,0000.6%
Forest Glen897814.1%$490,000$460,0006.5%

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