From January through March of 2018, there were 35 homes sold, with a median sale price of $530,500 - a 34.5% increase over the $394,450 median sale price for the same period of the previous year. There were 34 homes sold in Takoma Park in the first quarter of 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 the first quarter of 2018.
The following table compares Takoma Park to other Montgomery County cities with similar median sales prices in the first quarter of 2018:
| City | Jan. - Mar. 2018 Home Sales | Jan. - Mar. 2017 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2018 Median Sales Price | Jan. - Mar. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Bethesda | 68 | 50 | 36% | $657,500 | $692,000 | -5% |
| North Potomac | 29 | 33 | -12.1% | $654,000 | $685,000 | -4.5% |
| South Kensington | 31 | 37 | -16.2% | $635,000 | $665,000 | -4.5% |
| Garrett Park | 9 | 10 | -10% | $630,000 | $672,500 | -6.3% |
| Laytonsville | 12 | 6 | 100% | $555,000 | $712,500 | -22.1% |
| Takoma Park | 35 | 34 | 2.9% | $530,500 | $394,450 | 34.5% |
| Washington Grove | 2 | 0 | - | $518,000 | $0 | - |
| Rockville | 105 | 134 | -21.6% | $513,000 | $460,000 | 11.5% |
| Silver Spring | 131 | 155 | -15.5% | $508,000 | $469,342 | 8.2% |
| Forest Glen | 23 | 22 | 4.5% | $489,900 | $423,875 | 15.6% |
| Olney | 62 | 101 | -38.6% | $462,500 | $475,000 | -2.6% |
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