From October through December of 2021, there were 43 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 46 homes sold in Takoma Park in the fourth 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 fourth quarter of 2021.
The following table compares Takoma Park to other Montgomery County cities with similar median sale prices in the fourth quarter of 2021:
| City | Oct. - Dec. 2021 Home Sales | Oct. - Dec. 2020 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2021 Median Sales Price | Oct. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Darnestown | 24 | 25 | -4% | $825,000 | $850,000 | -2.9% |
| Boyds | 6 | 1 | 500% | $782,603.50 | $275,000 | 184.6% |
| Brookeville | 5 | 10 | -50% | $770,000 | $678,450 | 13.5% |
| Garrett Park | 9 | 11 | -18.2% | $750,000 | $715,000 | 4.9% |
| Laytonsville | 14 | 11 | 27.3% | $737,500 | $765,000 | -3.6% |
| Takoma Park | 43 | 46 | -6.5% | $700,000 | $573,250 | 22.1% |
| Cabin John | 3 | 4 | -25% | $665,000 | $823,500 | -19.2% |
| Brinklow | 2 | 3 | -33.3% | $657,650 | $630,000 | 4.4% |
| Hillandale | 6 | 3 | 100% | $637,500 | $475,000 | 34.2% |
| Ashton-Sandy Spring | 13 | 16 | -18.8% | $612,000 | $680,000 | -10% |
| Colesville | 79 | 79 | 0% | $590,000 | $530,000 | 11.3% |
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