What's Hot: A First Look At 135-Unit Office-To-Residential Conversion Planned At Georgetown's Flour Mill
Prices Up, Sales Down, Competition High: The Takoma Park Housing Market, By the Numbers
✉️ Want to forward this article? Click here.
UrbanTurf continues to take a look at the housing markets around the DC region and today, we head over to Takoma Park.
For years, Takoma Park has been one of the most competitive housing markets in the area, and that reputation remained intact this year even as prices rose and sales fell.
The median home price in the Maryland city is up 19% year-over-year to $655,000, but sales are down nearly 25% during that same period. Despite the drop in sales, the ratio of sales price to list price for homes in this section of Maryland is one of the highest anywhere in the region, an indication of serious competition among buyers.
story continues below
loading...story continues above
Below UrbanTurf plucked out several other interesting stats about the Takoma Park market.
- $908.733 -- The average sales price for a detached home with 4+ bedrooms.
- 1.38 -- The months of supply of homes for sale in July, up 80% compared to last July.
- 105.8% -- The average sales price to original list price ratio for Takoma Park this year.
- 63% -- The percentage of homes that have sold in ten days or less this year.
Photo Courtesy HD Bros
Similar Posts:
- A Flurry of Sales: The West End Housing Market, By the Numbers
- The Northern Virginia Zip Code Where Prices Popped 40%
- The DC Neighborhood Where the Few Homes That Sell Move Quickly
- How Townhomes Pushed Prices Up 30% in 16th Street Heights
- Sales Up Across the Board: The Crystal City Housing Market, By the Numbers
- As Home Sales Drop, Prices Follow Suit in Hillcrest
- The Fastest Moving Prices in DC: The Palisades Market, By the Numbers
- Almost Always Above Asking: The AU Park Housing Market, By the Numbers
- Heavy Competition: The Del Ray Housing Market, By the Numbers
- Still One of DC's Priciest: The Georgetown Market, By the Numbers
- Low Supply, Big Premiums: The Chevy Chase Housing Market, By the Numbers
See other articles related to: takoma park, takoma park housing market
This article originally published at https://dc.urbanturf.com/articles/blog/prices-up-sales-down-the-takoma-park-housing-market-by-the-numbers/20029.
UrbanTurf Listings showcases the DC metro area's best properties available for sale.
Most Popular... This Week • Last 30 Days • Ever
As a homeowner, it's important to understand the types of insurance you need to prote... read »
While the number of homes on the market is much higher than last year, that probably ... read »
The conversion will likely bring some very high-end residences to the neighborhood.... read »
As home prices hit a record in the region last month, one property type took the lead... read »
Zillow recently found that apartment renters needs to have an income of approximately... read »
- What Types of Insurance Do You Need When You Own a Home?
- DC-Area Home Prices Set Record In April As Supply Soars
- A First Look At 135-Unit Office-To-Residential Conversion Planned At Georgetown's Flour Mill
- The Price Of A House In The DC Region Has Never Been Higher
- DC-Area Apartment Renters Need To Earn $91,000 To Afford Median Rent, Per Report
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro
