Home | Newsletter | Advertise
loading...

The Takoma Park Housing Market, By the Numbers

  • August 25th 2020

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

A home in Takoma Park that sold earlier this year.

UrbanTurf is taking its annual look at the neighborhood housing markets around the DC region. Today, we head over to Takoma Park.

A lack of homes for sale in the Maryland neighborhood just outside DC has resulted in a lower volume of sales in 2020 compared to last year. However, there is a lot of competition for the homes that are on the market (see contract ratio below), and that competition has pushed prices up. 

Below UrbanTurf plucked out several other interesting stats about the Takoma Park market.

  • $519,950 -- The median home price in Takoma Park, an increase of 17% compared to 2019. 
  • 1.27 -- The months of supply of homes for sale in the second quarter of 2020, down 24% compared to last year. 
  • 99 -- The number of homes sold in the neighborhood this year, down 29% compared to last year.
  • 1.26 -- The contract ratio for the neighborhood in the second quarter, up 31% compared to the second quarter of 2019. 

Similar Posts:

See other articles related to: takoma park, takoma park housing market

This article originally published at https://dc.urbanturf.com/articles/blog/the-takoma-park-housing-market-by-the-numbers/17233.

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

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse