From July through December of 2021, there were 95 homes sold, with a median sale price of $700,000 - a 22.1% increase over the $573,250 median sale price for the same period of the previous year. There were 84 homes sold in Takoma Park in the second half 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 second half of 2021.
The following table compares Takoma Park to other Montgomery County cities with similar median sale prices in the second half of 2021:
| City | July - Dec. 2021 Home Sales | July - Dec. 2020 Home Sales | % change (Total Home Sales) | July - Dec. 2021 Median Sales Price | July - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Darnestown | 53 | 45 | 17.8% | $869,000 | $820,000 | 6% |
| North Potomac | 121 | 105 | 15.2% | $860,000 | $745,000 | 15.4% |
| Boyds | 10 | 3 | 233.3% | $782,603.50 | $480,000 | 63% |
| Laytonsville | 28 | 20 | 40% | $777,500 | $728,250 | 6.8% |
| Garrett Park | 19 | 18 | 5.6% | $750,000 | $732,500 | 2.4% |
| Takoma Park | 95 | 84 | 13.1% | $700,000 | $573,250 | 22.1% |
| Dickerson | 5 | 4 | 25% | $699,000 | $667,000 | 4.8% |
| Brinklow | 3 | 5 | -40% | $690,300 | $650,000 | 6.2% |
| Cabin John | 7 | 10 | -30% | $665,000 | $961,000 | -30.8% |
| Hillandale | 9 | 6 | 50% | $625,000 | $526,500 | 18.7% |
| Ashton-Sandy Spring | 40 | 32 | 25% | $621,000 | $609,950 | 1.8% |
Alerts Sign-up