The Takoma Park housing market is somewhat competitive. Homes in Takoma Park receive 5 offers on average and sell in around 14 days. The median sale price of a home in Takoma Park was $791K last month, up 31.6% since last year. The median sale price per square foot in Takoma Park is $409, up 17.5% since last year.
What is the housing market like in Takoma Park today?
In April 2024, Takoma Park home prices were up 31.6% compared to last year, selling for a median price of $791K. On average, homes in Takoma Park sell after 14 days on the market compared to 6 days last year. There were 12 homes sold in April this year, up from 10 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$791,450
+31.6% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Takoma Park, MD
$791,450
+31.6%
United States
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How hot is the Takoma Park housing market?
Takoma Park is somewhat competitive. Homes sell in 21 days.
0
100
61
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 3% above list price and go pending in around 21 days.
Hot homes
can sell for about 6% above list price and go pending in around 5 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Takoma Park
Explore recent offers and recently sold homes in Takoma Park
Recent offers
Winning Offer|
6 Weeks Ago
~$250K Offer
2bd | 2ba | ~1,250sqft
Over List Price
0%
Days on Market
2
Competing Offers
0
Down Payment
<10%
Tiernan Dickens
Takoma Park Redfin Agent
We came in with a fast, aggressive offer for the win!
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Takoma Park housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Takoma Park.
Risk Factor
Flood Factor - Major
18% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Takoma Park has a major risk of flooding. 623 properties in Takoma Park are likely to be
severely affected
by flooding over the next 30 years. This represents 18% of all properties in Takoma Park. Flood risk is increasing slower than the national average.
18% of properties are at risk of wildfire over the next 30 years
Fire Factor
Takoma Park has a moderate risk of wildfire. There are 792 properties in Takoma Park that have some risk of being affected by wildfire over the next 30 years. This represents 18% of all properties in Takoma Park.
97% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Takoma Park has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Takoma Park is most at risk from hurricanes. 4,148 properties in Takoma Park have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 63 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 78 mph.