How much do homes in Takoma Park, MD cost?

Median List Price

$492,450

Based on all homes listed in May 2021.

Difference Since Last Month

-$46,550(-8.6%)

Key Takeaway

The list price of homes in Takoma Park has decreased by 8.6% since April.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSApr 2021May 2021%
1 $165.9K$175K+5.5%
2 $249.9K$257.4K+3.0%
3 $575K$566K-1.6%
4 $725K$754.5K+4.1%
5+ $864.9K$1.0M+15.6%

Median List Price Compared To Nearby Cities

Washington
-0.9%
Takoma Park
-8.6%

How many homes are available in Takoma Park, MD?

Number of Homes For Sale

Apr 2021May 2021%
8176-6.2%

Homes For Sale By Bedroom Count

# BEDSApr 2021May 2021%
1 1513-13.3%
2 1516+6.7%
3 2523-8.0%
4 1512-20.0%
5+ 1112+9.1%

Asking Price vs. Sold Price

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Average Listing Age

Apr 2021May 2021%
50 Days51 Days+1.7%

Breakdown of Home Sale Times

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About Takoma Park, MD

Takoma Park, MD has 76 homes on the market.

The median list price of listings available in May 2021 was $492,450, while the average time on the real estate market was 51 days.

Real estate listing prices changed between May 2020 and May 2021: the cost of 1 bedroom properties went up by 5.5%, 2 bedrooms properties prices increased by 3%, prices of 3 bedrooms properties went down by 1.6%, 4 bedrooms properties prices increased by 4.1%, 5 bedrooms properties became 15.6% more expensive.

In May 2021 in Takoma Park, MD there were 6.2% less homes for sale than in April 2021.

Housing inventory have changed in this real estate market: volume of 1 bedroom homes went dowm by 13.3%, the quantity of 2 bedrooms homes went up by 6.7%, 3 bedrooms homes inventory decreased by 8%, the quantity of 4 bedrooms homes went down by 20%, 5 bedrooms homes inventory increased by 9.1%.

Takoma Park, MD housing market in May 2021 saw over 21 listings sold above listed price, more than 5 sold at listed price and over 2 sold below.