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Takoma Park MD – Another Wild Hot Year for Real Estate Sales

Founded in 1883, by Benjamin Franklin Gilbert, Takoma Park was developed as a “summer resort” area, as a healthful alternative to Washington, DC’s malarial swamps.  With a population of approximately 18,000 it rests along the upper northeast boundary of D.C.   Takoma Park in Montgomery County has it’s own city government, police department, library and is served by Montgomery County Schools
Takoma Park (Also known as Tacky Park, Granola Park, Berkeley of the East and People’s Republic of Takoma Park) is the perfect “bedroom community” for professionals.  It is a 15 minute commute to the middle of Downtown D.C. by Metro from the Takoma Station on the Red Line.

 

Victorian in Takoma Park MDTakoma Park is one the HOTTEST Pockets of Real Estate in the DC Metro Area!

In 2015 there were 144 sales of Single Family Detached homes in Takoma Park, Montgomery County, Maryland:

The Average LIST price for a single family home in Takoma Park in 2015 was $581,051

 

The Average SOLD price for a single family home in Takoma Park in 2015 was $589,152

The Average Sold Price for a home is over the average asking price by over 8,000.

 

In 2015 the Average Days on the Market for a single family home in Takoma Park, MD was 43 Days.

LOWEST Sale Price  –   $152,000 for a 3 Bedroom, 1 Bath, 3 Level  Brick Colonial in need of rehab – built in 1947.

HIGHEST Sale Price  –  $1,175,000  for a Magical 5 Bedroom, 4 & 1/2 Bath restored 1900’s Victorian on a 1/2 Acre Lot with 4 finished levels.

          Search all Homes for Sale Now in Takoma Park, Maryland, 20912

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