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Takoma Park

Why you'd want to live in Takoma Park

Takoma Park is a city in Montgomery County, Maryland, United States. It is a suburb of Washington, and part of the Washington metropolitan area. Founded in 1883 and incorporated in 1890, Takoma Park, informally called "Azalea City", is a Tree City USA and a nuclear-free zone. A planned commuter suburb, it is situated along the Metropolitan Branch of the historic Baltimore and Ohio Railroad, just northeast of Washington, and it shares a border and history with the adjacent D.C. neighborhood of Takoma. It is governed by an elected mayor and six elected councilmembers, who form the city council, and an appointed city manager, under a council-manager style of government. The city's population was 17,629 at the 2020 census. Since 2013, residents of Takoma Park can vote in municipal elections when they turn sixteen. It was the first city in the United States to extend voting rights to 16- and 17-year-olds in city elections. Since then, the City of Hyattsville has followed suit.

Takoma Park Market Report

$668,082

AVERAGE PRICE OF 54 HOMES

$1,100,000

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,556,062

AVERAGE PRICE OF 8 MULTI-MILLION DOLLAR HOMES

$598,000

AVERAGE PRICE OF 1 HOMES WITH A POOL

$745,750

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $668,082
Avg Bedrooms 2.94 beds
Avg Bathrooms 2.11 baths

Average Price by Bedrooms

1 bedroom $195,499
2 bedrooms $277,739
3 bedrooms $562,640
4 bedrooms $789,049
5 bedrooms $1,078,417
Takoma Park Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 49 44 n/a n/a n/a
Average Price $679,855 $669,184 n/a n/a n/a
Avg Price Change +1.59% n/a n/a n/a n/a
Median Price $572,982 $579,399 n/a n/a n/a
Med Price Change -1.12% n/a n/a n/a n/a
Avg Bedrooms 3.04 beds 2.87 beds n/a n/a n/a
Avg Bathrooms 2.18 baths 2.01 baths n/a n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
High Point 1 $598,000 12 days
Montgomery Blair 24 $714,275 29 days
Total Homes Average Price Avg Days on Site
All Homes 54 $668,082 74 days
Distressed Homes 2 $1,100,000 260 days
Multi-Million Dollar Homes 8 $1,556,062 115 days
Homes with a Pool 1 $598,000 12 days
Reduced Price Homes 5 $745,750 38 days