Takoma Park, MD

Balanced market+6.7% YoY

Housing market overview · Updated weekly

$649,950median sale price

Homes sold

11

Last 12 weeks

Days on market

155

Average pace

Active listings

27

2.5 months supply

Sale-to-list

98.5%

Below asking

The Takoma Park housing market is currently classified as a balanced market with a median sale price of $649,950. Prices have risen 6.7% compared to last year, with homes spending an average of 155 days on market, indicating 2.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Takoma Park

There are currently 27 homes listed for sale in Takoma Park, Maryland. The median listing price is $250K.

Active listings

27

Homes on market

Median list price

$250K

Avg. days on market

155

Days until sale

New this week

7

Newly listed

Price drops:33.3%of listings
Sale-to-list:98.5%

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Frequently asked questions

What is the average home price in Takoma Park?

The median home sale price in Takoma Park is $649,950, up 6.7% from last year.

How long do homes stay on market in Takoma Park?

Homes typically spend 155 days on market before going under contract.

Is Takoma Park a buyer's or seller's market?

With 2.5 months of supply, Takoma Park is currently a balanced market.

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