From July through September of 2021, there were 51 homes sold, with a median sale price of $707,500 - a 22.5% increase over the $577,500 median sale price for the same period of the previous year. There were 38 homes sold in Takoma Park in the third quarter of 2020.
The median sales tax in Takoma Park for the most recent year with available data, 2020, was $8,355, approximately 1.2% of the median home sale price for the third quarter of 2021.
The following table compares Takoma Park to other Montgomery County cities with similar median sale prices in the third quarter of 2021:
| City | July - Sept. 2021 Home Sales | July - Sept. 2020 Home Sales | % change (Total Home Sales) | July - Sept. 2021 Median Sales Price | July - Sept. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Laytonsville | 14 | 9 | 55.6% | $862,500 | $695,000 | 24.1% |
| South Kensington | 49 | 43 | 14% | $856,550 | $756,000 | 13.3% |
| Boyds | 4 | 2 | 100% | $755,500 | $484,950 | 55.8% |
| Garrett Park | 10 | 7 | 42.9% | $748,750 | $780,000 | -4% |
| Cabin John | 4 | 6 | -33.3% | $727,500 | $1,060,000 | -31.4% |
| Takoma Park | 51 | 38 | 34.2% | $707,500 | $577,500 | 22.5% |
| Dickerson | 5 | 1 | 400% | $699,000 | $287,000 | 143.6% |
| Ashton-Sandy Spring | 26 | 16 | 62.5% | $632,500 | $517,500 | 22.2% |
| Olney | 121 | 135 | -10.4% | $625,000 | $485,000 | 28.9% |
| Colesville | 82 | 62 | 32.3% | $614,000 | $528,500 | 16.2% |
| Derwood | 82 | 44 | 86.4% | $579,000 | $524,750 | 10.3% |
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