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Takoma Park, MD
Guide to Homes for Sale in Takoma Park
Takoma Park is a city in Montgomery County, Maryland. A suburb of Washington, DC, this city is known for its eclectic festivals, cultural events and restaurants. Its close location to Metro stations, a MARC station and Silver Spring are just some other reasons why many homebuyers decide to live here.
Takoma Park on a Map
The odd shape of Takoma Park somewhat reflects a leaf or a footprint of a bear. Its most southern point is the intersection of Eastern Avenue and New Hampshire Avenue. The former also runs on the Maryland state line and separates the city from Washington, DC. The northern sections extend to include Washington Adventist University and Takoma Park Middle School. Silver Spring borders the area to the northwest, Langley Park to the east, Chillum to the southeast, and Takoma, DC to the southwest. Neighborhoods like College Park, Mount Rainer, Adelphi and Hyattsville are all nearby.
Homes for Sale in Takoma Park
Takoma Park houses built between 1883 and 1900 are fanciful, turreted, multi-gabled affairs of Queen Anne architecture with wonderful shingle influences. Houses around the city built at the turn of the 20th century tend to be simpler, although a few display Art Deco and Tudor Revival styles. There’s also no homeowners association, which gives homeowners unrestricted guidelines on how to maintain their property, thus keeping the sense of individuality within the city.
Dining Out in Takoma Park
Republic is a local favorite for locals and visitors when looking to dine out for lunch or dinner. Situated on Laurel Avenue, just minutes away from the Takoma Metro station, this market-driven and seafood-centric American eatery offers an oyster bar, plus quaint vintage elements that really influence the bar’s atmosphere. Other notable restaurants in that area include Roscoe’s Pizzeria and Mark’s Kitchen, a casual, bustling storefront eatery serving a mix of Korean and American dishes with vegan options.
For a more kid-friendly environment, check out Mid Atlantic Seafood on New Hampshire Avenue. This no-frills seafood restaurant is known for its wonderful breakfast menu, seafood plates and soul-food dinners, as well as their sandwiches and hardy sides. It is also considered one of the best soul food restaurants in the city. Other fantastic establishments worth mentioning include Capitol City Cheesecake and Middle Eastern Cuisine, which serves a variety of quality meat and vegetarian dishes.
Living in Takoma Park, MD
Takoma Park is known for a variety of cultural events and festivals, most notably of which is the Takoma Park Folk Festival. Possibly the area’s premier folk music festival and dating back to 1977, this festival attracts an audience from across the Mid-Atlantic region. The festival also celebrates the cultural diversity of the region, with a variety of ethnic food and crafts available. Some other festivals and events that take place in the city include Takoma Park Street Festival, Takoma Jazz Fest and the Takoma Park Independent Film Festival.
The city is bisected by Sligo Creek, a free-flowing tributary of the Anacostia River. Roughly 9 miles long, this area is a hotspot for fisherman and other recreational activities. The Sligo Creek Trail, a hiker and biker trail, runs along the creek as does the Anacostia Tributary Trail System. Takoma Piney Branch Local Park is a wonderful park in the city. This 17-acre neighborhood green space has plenty of sport courts, fields, a skate park, playgrounds and more. Silver Spring Intermediate Park is shared with the city’s neighbor and is a 4-acre park with tennis courts, multi-use fields, a playground and peaceful green spaces.
Traveling Around Takoma Park
The city of Takoma Park is about a five-minute walk from the Takoma Metro station in Washington, DC, which runs on the Red line. The Silver Spring station is co-located with a MARC commuter rail station. All stations and surrounding neighborhoods can be reached by both the Metrobus and Ride On bus lines. The nominal location of the city is situated at the crossroads of Route 195 and Route 410. Route 29 is a major north-south road in the area and connects residents with the nation’s capital.
Making Your Home in Takoma Park
Takoma Park is a wonderfully diverse and historic city. The city continues to maintain its integrity and its core identity which is evident through the colorful houses and everyone’s cooperative nature. The area’s proximity to Metro stations, a MARC station, DC, and wonderful recreational parks are just some of the reasons why DC-area homebuyers are flocking to Takoma Park, Maryland.
Real Estate Market Stats
Basic Stats Overview
Data Source: MRIS Listing Data, Last Updated: 9/18/2020
| M/M | Y/Y | ||
|---|---|---|---|
| Homes for Sale | 65 | +18.5% | -35.4% |
| Months Inventory | 1.43 | +17.5% | -78.3% |
| Contracts Pending | 52 | -1.9% | +44.2% |
| Solds: 90 Day | 158 | +11.4% | +25.3% |
| Average List Price/Sold Price | 101.15% | +0.9% | +1.1% |
| Active/Pending Ratio | 1.25 | +20.0% | -142.4% |
| Average Price | M/M | Y/Y | |
| Active | $586,272 | +2.5% | -16.9% |
| Pending | $533,145 | +3.3% | -16.8% |
| 90 Day Sold | $551,430 | +0.9% | -17.4% |
| Median Price | |||
| Active | $599,000 | +4.3% | -9.8% |
| Pending | $529,000 | +18.7% | -17.2% |
| 90 Day Sold | $529,250 | -5.8% | -14.8% |
| Days on Market | |||
| Active | 59.52 | -12.4% | +3.0% |
| Pending | 28.92 | -36.0% | -110.7% |
| 90 Day Sold | 24.87 | +1.8% | -34.9% |
| M/M | Y/Y | ||
|---|---|---|---|
| Homes for Sale | 30 | +16.7% | -170.0% |
| Months Inventory | 1.06 | +18.9% | -150.0% |
| Contracts Pending | 34 | +8.8% | +26.5% |
| Solds: 90 Day | 89 | -2.2% | -15.7% |
| Average List Price/Sold Price | 101.51% | +1.2% | +1.3% |
| Active/Pending Ratio | 0.88 | +8.0% | -268.2% |
| Average Price | M/M | Y/Y | |
| Active | $787,030 | +1.8% | +11.9% |
| Pending | $683,652 | -3.2% | +8.2% |
| 90 Day Sold | $723,278 | +4.6% | +9.2% |
| Median Price | |||
| Active | $758,000 | +10.9% | +12.0% |
| Pending | $639,450 | -0.9% | +2.3% |
| 90 Day Sold | $671,932 | +3.3% | +9.2% |
| Days on Market | |||
| Active | 74.13 | -22.4% | +21.7% |
| Pending | 24.74 | -23.2% | -157.1% |
| 90 Day Sold | 21.49 | -5.6% | -62.3% |
| M/M | Y/Y | ||
|---|---|---|---|
| Homes for Sale | 4 | +75.0% | -75.0% |
| Months Inventory | 4.80 | +72.3% | +62.7% |
| Contracts Pending | 2 | -100.0% | -100.0% |
| Solds: 90 Day | 6 | +50.0% | -150.0% |
| Average List Price/Sold Price | 101.45% | +0.2% | +2.3% |
| Active/Pending Ratio | 2.00 | +87.5% | +12.5% |
| Average Price | M/M | Y/Y | |
| Active | $807,000 | +16.4% | +26.5% |
| Pending | $637,225 | +3.9% | +9.7% |
| 90 Day Sold | $740,419 | -3.8% | +21.1% |
| Median Price | |||
| Active | $752,000 | +10.2% | +23.6% |
| Pending | $690,000 | +14.9% | +29.1% |
| 90 Day Sold | $755,000 | -2.0% | +27.2% |
| Days on Market | |||
| Active | 17.25 | +88.4% | -216.3% |
| Pending | 11.00 | -104.5% | -204.5% |
| 90 Day Sold | 17.33 | +63.5% | -41.2% |
| M/M | Y/Y | ||
|---|---|---|---|
| Homes for Sale | 31 | +12.9% | N/A |
| Months Inventory | 1.91 | +7.9% | N/A |
| Contracts Pending | 16 | -12.5% | N/A |
| Solds: 90 Day | 63 | +27.0% | N/A |
| Average List Price/Sold Price | 99.82% | -0.1% | N/A |
| Active/Pending Ratio | 1.94 | +22.7% | N/A |
| Average Price | M/M | Y/Y | |
| Active | $363,509 | -5.0% | N/A |
| Pending | $308,558 | -7.1% | N/A |
| 90 Day Sold | $290,661 | +14.9% | N/A |
| Median Price | |||
| Active | $320,000 | +3.4% | N/A |
| Pending | $272,400 | -2.1% | N/A |
| 90 Day Sold | $259,270 | +4.2% | N/A |
| Days on Market | |||
| Active | 50.84 | +7.0% | N/A |
| Pending | 37.17 | -32.5% | N/A |
| 90 Day Sold | 30.37 | +4.6% | N/A |
What does the most expensive home in Homes for Sale in Takoma Park look like?
7808 GARLAND AVE, TAKOMA PARK, MD 20912
How about the least expensive?
614 SLIGO AVE #T-5, SILVER SPRING, MD 20910
What's average?
2701 HUME DR #PH-2, SILVER SPRING, MD 20910
