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Maryland State Wire

Thursday, November 7, 2024

Takoma Park home prices rise in April 2018

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The median sale price of a home sold in April 2018 in Takoma Park rose by $21,000 while total sales decreased by 33.3%, according to BlockShopper.com.

In April 2018, there were eight homes sold, with a median sale price of $579,500 - a 3.8% increase over the $558,500 median sale price for the same period of the previous year. There were 12 homes sold in Takoma Park in April 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 April 2018.

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

CityApr. 2018 Home SalesApr. 2017 Home Sales% change (Total Home Sales)Apr. 2018 Median Sales PriceApr. 2017 Median Sales Price% change (Median Sales Price)
North Potomac1219-36.8%$750,500$653,88814.8%
South Kensington111010%$735,000$782,500-6.1%
North Bethesda2627-3.7%$714,500$765,000-6.6%
Laytonsville5366.7%$675,000$485,00039.2%
Rockville4146-10.9%$580,000$527,50010%
Takoma Park812-33.3%$579,500$558,5003.8%
Silver Spring3050-40%$529,450$470,00012.6%
Olney322910.3%$509,000$519,500-2%
Forest Glen8560%$507,500$460,00010.3%
Kemp Mill1013-23.1%$485,000$430,00012.8%
Derwood161233.3%$472,520.50$435,0008.6%

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