In January 2022, there were 16 homes sold, with a median sale price of $559,950 - a 3.1% decrease over the $578,000 median sale price for the same period of the previous year. There were 14 homes sold in Takoma Park in January 2021.
The median sales tax in Takoma Park for the most recent year with available data, 2020, was $8,355, approximately 1.5% of the median home sale price for January 2022.
The following table compares Takoma Park to other Montgomery County cities with similar median sale prices in January 2022:
| City | Jan. 2022 Home Sales | Jan. 2021 Home Sales | % change (Total Home Sales) | Jan. 2022 Median Sales Price | Jan. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Derwood | 22 | 20 | 10% | $594,000 | $478,000 | 24.3% |
| Colesville | 12 | 26 | -53.8% | $589,750 | $518,500 | 13.7% |
| North Kensington | 12 | 17 | -29.4% | $576,250 | $555,000 | 3.8% |
| Clarksburg | 20 | 18 | 11.1% | $573,499.50 | $487,500 | 17.6% |
| Friendship Village | 7 | 4 | 75% | $565,000 | $282,500 | 100% |
| Takoma Park | 16 | 14 | 14.3% | $559,950 | $578,000 | -3.1% |
| Hillandale | 3 | 2 | 50% | $540,000 | $646,900 | -16.5% |
| Olney | 38 | 38 | 0% | $522,500 | $509,000 | 2.7% |
| Kemp Mill | 11 | 11 | 0% | $520,000 | $480,000 | 8.3% |
| Silver Spring | 53 | 51 | 3.9% | $500,000 | $450,000 | 11.1% |
| Boyds | 2 | 0 | - | $490,750 | $0 | - |
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