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Featured local agent — Takoma Park, MD
Sarah Mitchell
Compass Real Estate · Takoma Park, MD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Takoma Park, MD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$771,500median sale price
How is the Takoma Park, MD housing market right now?
The median home sale price in Takoma Park, MD is $771,500, down 13.9% year-over-year. Homes sell in an average of 22 days with 32 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Takoma Park a buyer's or seller's market?
Takoma Park, MD is currently a seller's market, based on 2.7 months of supply and homes selling in about 22 days. How we determine this →
Homes sold
12
Last 12 weeks
Days on market
22
Average pace
Active listings
32
2.7 months supply
Sale-to-list
100.6%
Above asking
What does the Takoma Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $771,500 |
| Median list price | $675,000 |
| Year-over-year price change | -13.9% |
| Average days on market | 22 days |
| Active inventory | 32 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 100.6% |
| Median price per sq ft | $363/sq ft |
| Homes sold (latest month) | 12 |
| New listings (latest month) | 23 |
| Listings with a price cut | 25.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Takoma Park by property type?
How the Takoma Park, MD market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $870,000 | $420/sq ft | 10 | 34 days |
| Condo / Co-op | $187,500 | $274/sq ft | 2 | 10 days |
| Townhouse | $600,000 | $488/sq ft | 2 | 35 days |
Source: Redfin · Updated monthly
The Takoma Park housing market is currently classified as a seller's market with a median sale price of $771,500. Prices have fallen 13.9% compared to last year, with homes spending an average of 22 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.1x provides context for how home values compare to local earning capacity.
Homes for sale in Takoma Park
There are currently 32 homes listed for sale in Takoma Park, Maryland. The median listing price is $675K.
Active listings
32
Homes on market
Median list price
$675K
Avg. days on market
22
Days until sale
New this week
23
Newly listed
Who lives in Takoma Park?
Population
17,522
Median income
$97,872/yr
Median age
41.1 years
Owner-occupied
51.7%
College grads
60.3%
Avg commute
32.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Takoma Park?
Zillow home value
$695,287
Zillow rent index
$1,623/mo
Price-to-rent ratio
35.7x
Price-to-income
7.1x
Source: Zillow Research
What is it like to live in Takoma Park?
Takoma Park is a community of approximately 18K residents with a median age of 41.1 years.The median household income is $97,872, which reflects a relatively affluent area with strong earning potential. 60.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 51.7%, showing a blend of owner and renter-occupied properties. The average commute time is 32.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Takoma Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Takoma Park?
4 schools tracked · 2,388 students
The largest public schools serving Takoma Park, MD by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Rolling Terrace Elementary
Grades PK-5 · 656 students
Piney Branch Elementary
Grades 3-5 · 599 students
Takoma Park Elementary
Grades PK-2 · 598 students
Carole Highlands Elementary
Grades PK-5 · 535 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Takoma Park, MD?
Want a head-to-head view? Compare Takoma Park side-by-side with any other U.S. city using our market-comparison tool.
Is Takoma Park a good real estate investment market?
For investors evaluating Takoma Park, the price-to-rent ratio of 35.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 13.9% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Takoma Park's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Takoma Park's median home price.
Frequently asked questions
What is the average home price in Takoma Park?
The median home sale price in Takoma Park is $771,500, down 13.9% from last year.
How long do homes stay on market in Takoma Park?
Homes typically spend 22 days on market before going under contract.
What is the median income in Takoma Park?
The median household income is $97,872 per year.
Is Takoma Park a buyer's or seller's market?
With 2.7 months of supply, Takoma Park is currently a seller's market.
What is the Zillow home value estimate for Takoma Park?
The Zillow Home Value Index (ZHVI) for Takoma Park is $695,287, representing the typical home value in the area.
What is the median condo price in Takoma Park?
The median condo/co-op sale price in Takoma Park, MD is $187,500, compared to $870,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Takoma Park?
The median single-family home price in Takoma Park, MD is $870,000 (about $420 per square foot).
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