What's Hot: DC's 14 Million-Dollar Neighborhoods in 2023 | What the New FHA Mortgage Fee Cut Will Mean For Buyers
Surging: The Takoma Park Housing Market, By the Numbers

UrbanTurf continues to take a look at the housing markets around the DC region and today, we head over to Takoma Park.
Aside from DC's American University Park, it is hard to think of a housing market as competitive as Takoma Park this year. 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. Prices for detached homes with more than four bedrooms have risen 45% this year, as the supply of homes for sale has fallen 36% compared to 2020, and now stands at just a 3-week inventory.
story continues below
loading...story continues above
Below UrbanTurf plucked out several other interesting stats about the Takoma Park market.
- $574,500 -- The median home price in Takoma Park, an increase of 13% compared to 2020.
- $905,408 -- The average sales price for a detached home with 4+ bedrooms, up 45% compared to last year.
- 0.75 -- The months of supply of homes for sale in June, down 36% compared to last year.
- 105.1% -- The average sales price to original list price ratio for Takoma Park this year, one of the highest ratios in the region.
- 1.83 -- The contract ratio for the neighborhood in the second quarter, up 138% compared to the second quarter of 2020.
Similar Posts:
- Bethesda: A Sit-It-Out Market
- Crestwood: The Demand is "Like a Tsunami"
- The Sky High Demand on Capitol Hill
- Georgetown: The Competition is Back
- Chevy Chase: The Seller's Market
- Mount Pleasant: No Longer Undervalued
- Del Ray: 5 Days or Less
- Logan Circle: Standard Competition
- LeDroit Park, The DC Neighborhood Where Home Prices Are Up 50%
See other articles related to: takoma park, takoma park housing market
This article originally published at https://dc.urbanturf.com/articles/blog/surging-the-takoma-park-housing-market-by-the-numbers/18545.
Most Popular... This Week • Last 30 Days • Ever

The 650,000 square-foot project, designed by Adjaye Associates and Hickok Cole, will ... read »

The largest development on the boards for the H Street Corridor is planned for a fami... read »

This week's Best New Listings includes a condo with a former life as a hotel entrance... read »

It is early in the year, but there are already a number of areas around DC where home... read »

Today, UrbanTurf is taking a look at the tax benefits associated with buying a home t... read »
- A First Look at the Five-Building Centerpiece of the St. Elizabeth's Redevelopment
- 200-Unit Apartment Project Planned For Autozone Site Along the H Street Corridor
- Best New Listings: A Hotel Entrance Turned Condo
- DC's 14 Million-Dollar Neighborhoods in 2023
- A Look At The Tax Benefits of Buying a Home Through a Trust
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. Visit guides.urbanturf.com or 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