Takoma Park Is Not One Market
What Prices Do Across Takoma Park
See the Montgomery County market overview →
What Takoma Park Is
Takoma Park real estate is a Maryland city market of Victorian, Queen Anne and Sears bungalow homes, with Red Line access at the Takoma Metro station. The U.S. Census Bureau, ACS 2020-2024 puts the median value of owner-occupied homes in Takoma Park city at $749,200. Buyers compare the historic district, Sligo Park Hills and the New Hampshire Avenue corridor.
Which Takoma Park neighborhoods do buyers compare?
Buyers commonly compare Sligo Park Hills, the B.F. Gilbert's Addition historic district, Hillwood Manor, the Maple and Lee Avenue area and the New Hampshire Avenue corridor. They differ in lot size, home age and transit access. Start with the home style you want, then check the commute and school boundary.
| Area | Housing and setting | What buyers weigh |
|---|---|---|
| Sligo Park Hills | Detached homes on wooded lots bordering Sligo Creek Park | Park access and lot size |
| B.F. Gilbert's Addition / Historic District | Victorian and Sears bungalow homes near the Farmers Market | Historic character and walkability |
| New Hampshire Avenue corridor | Multi-family properties and revitalization projects | Bike routes and redevelopment plans |
| Hillwood Manor | Winding streets and mature landscaping | Quiet streets and school assignment |
| Maple Avenue / Lee Avenue | Central area near the former hospital campus | Transit access and planned redevelopment |
What kinds of homes are for sale in Takoma Park?
Takoma Park is known for Victorian, Queen Anne and Sears bungalow houses, along with newer townhomes and custom in-fills. Older homes often come with charm and deferred maintenance. Ask about the roof, wiring, heating and windows, and check permit rules for historic homes before you plan work.
Multi-family properties along New Hampshire Avenue may qualify for Maryland Energy Administration electrification grants. Ask the state and the city which programs apply to a property and how to use them for upgrades.
How is the commute from Takoma Park?
Takoma Park sits on the Red Line, and a ride from the Takoma Metro platform to the District takes about 12 minutes. Driving is slower at peak times on Carroll Avenue. Silver Spring is about 5 minutes west. Purple Line work near Wayne Avenue and Langley Park may also affect traffic.
Landmarks and roads worth knowing:
- Takoma Metro Station
- Sligo Creek Parkway and Sligo Creek Park
- Carroll Avenue (MD-195) and East-West Highway (MD-410)
- New Hampshire Avenue (MD-650) and University Boulevard (MD-193)
- The former Adventist hospital campus
Which schools serve homes in Takoma Park?
Piney Branch Elementary on Maple Avenue, Takoma Park Middle School on Piney Branch Road and Montgomery Blair High School are named for this area. Montgomery County Public Schools has been reviewing boundaries, so confirm the assignment for the exact address before you write an offer.
Primary ZIP codes are 20912, 20913 and 20783. Check assignment by street, not by ZIP code.
How should you price a home in Takoma Park?
Price from recent sales of similar homes in the same part of the city, not from a ZIP code average. The Census median above is a broad reference only. A restored Victorian, a bungalow and a newer townhome each need different comparables. We match sales to your property.
Sellers of older homes should document updates and repairs. Buyers will ask for those records early.
What should you know about property taxes in Takoma Park?
Homes inside the city pay an added Takoma Park municipal tax on top of the Montgomery County rate. Maryland reassesses on a three-year cycle, and a homestead credit caps taxable assessment growth on a principal residence. If an assessment looks wrong, you can apply for review with the State Department of Assessments and Taxation.
Ask whether the address is inside city limits, since the city tax applies only inside them.
How do we help with Takoma Park offers and listings?
We price from comparable sales, review offer terms with you, and explain inspection, appraisal and contingency choices before you commit. For buyers, we compare the historic district, wooded pockets and transit-oriented areas. For sellers, we plan repairs and presentation before listing. We walk through the Maryland contract and disclosures with you.
A good first step is a short call to list your must-haves, such as home style, Metro access and lot size. From there we can compare Sligo Park Hills, Hillwood Manor and the historic district.
- Buyer representation: help comparing areas, touring and writing offers.
- Seller representation: pricing, preparation and marketing.
- Market reports: local data to read before you decide.
Want the county view? See Montgomery County.
Explore Takoma Park Neighborhood by Neighborhood
How We Read the Takoma Park Market
Takoma Park Market Questions
Next steps for sellers and buyers
Whichever side of the move you are on, start here.
Make Your Decision With Local Context
Is Takoma Park its own city?
Yes. Takoma Park is an independent city, so homes inside its limits pay a city tax in addition to county tax, and the city has its own council and services. Confirm that an address is inside city limits and review both bills before you estimate costs.
Takoma Park at a glance
| City | Takoma Park |
|---|---|
| Agent page | Real estate agent in Takoma Park |
| County | Montgomery County, MD |
| Median home value | $749,200 (owner-occupied homes, Takoma Park city, 2020-2024) |
| Agent | Levi Loveless, RE/MAX Realty Group |
| Licensed in | Maryland and Virginia |
| Office | 7373 Wisconsin Ave Suite 1700, Bethesda, MD 20814 |
| Phone | (301) 275-7744 |
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, table B25077.
“They were fierce negotiators and worked tirelessly to get me a reduced sales price, which is a testament to their skill and expertise.”
Monica Z., Google review
Questions people ask
Is Takoma Park its own city?
Yes. Takoma Park is an independent city, so homes inside its limits pay a city tax in addition to county tax, and the city has its own council and services. Confirm that an address is inside city limits and review both bills before you estimate costs.
What is the former Adventist hospital campus?
It is a site near Maple Avenue and Lee Avenue where a Minor Master Plan Amendment is guiding planned mixed-use redevelopment. Plans can change, so check current plans with the city and county. Consider how redevelopment could affect traffic and amenities nearby.
What should I check in a historic Takoma Park house?
Ask for records on the roof, wiring, heating and windows, and have a full inspection done. Check permit rules for exterior changes with the city before you plan work. Older homes can carry costs, so price repairs into your offer.
Takoma Park, MD Housing Market FAQ: Moving, Living and Property Tax
Is Takoma Park a buyer's or seller's market?
Montgomery County had 3 months of supply in September 2026, with 2,447 active listings (+27.2% year over year), per Bright MLS. Under about four months usually favors sellers. In Takoma Park, homes sold in a median 45 days over the last three months (Redfin), and conditions vary by price range.
Are Takoma Park homes selling above asking?
From July through September 2026, Takoma Park homes sold for a median 100.6% of their list price, according to Redfin. Above 100% means many sold over asking; below means buyers negotiated. Results differ by price point and condition, so we study recent comparable sales before you price or offer.
How fast are homes selling in Takoma Park, MD?
Homes in Takoma Park sold in a median of 45 days from July through September 2026, according to Redfin. Across Montgomery County, Bright MLS reported a median of 22 days on market in September 2026. Well-priced, well-prepared homes sell faster, and we track the pace for your segment.
Are home prices dropping in Takoma Park, MD?
Takoma Park prices follow mortgage rates, inventory and demand for close-in homes near the Red Line. Because relatively few homes sell each month, averages can swing. We compare current sales with the same months last year for your type of home before drawing conclusions.
What types of homes are in Takoma Park, MD?
Takoma Park mixes Victorians and bungalows, many inside the historic district, with mid-century homes, duplexes, townhouses, condos and apartment buildings. Housing type affects price, inspection priorities and renovation rules, so compare sales of the same kind of home. Historic-district homes have extra review.
How old are the houses in Takoma Park?
Many detached homes in Takoma Park date from the late nineteenth and early twentieth centuries, with others from the middle of the century. Older homes bring character and mature trees, along with inspection items like wiring, plumbing, foundations and drainage that buyers should budget for.
What drives the price of a condo in Takoma Park?
Condo prices in Takoma Park depend on the building's age, fees, reserves, parking, size and distance to transit. Some buildings are co-ops or older garden-style condos with different financing rules. We compare recent sales in the same or similar buildings before advising.
How much is a 3 bedroom house in Takoma Park?
Three-bedroom prices vary with size, condition, lot and location, from smaller bungalows to larger renovated Victorians. Bedroom count alone does not set value. We can pull recent Bright MLS sales of comparable three-bedroom homes for you. Call (301) 275-7744 or book a consultation.
How walkable are the neighborhoods in Takoma Park, MD?
Many parts of Takoma Park are walkable, especially Old Town and streets near the Takoma Metro station and local shops. Some areas are more residential and car-dependent. Check the walk to transit, groceries and parks for any address you are considering.
Where should I live in Takoma Park, MD?
It depends on your priorities. Old Town offers historic homes near shops and the Metro, other areas offer larger lots or more condos and townhomes. Visit at different times, test your commute, and compare recent sales in each area before deciding.
Do Takoma Park, MD homeowners pay a city property tax?
Yes. The City of Takoma Park levies its own property tax on top of Montgomery County and Maryland taxes. Rates are set each year, so check the city's official budget page and the state assessment record for any address before you buy.
How can I see Takoma Park, MD homes for sale before they hit the market?
This site has no live listing search. We set up a Bright MLS search for clients that sends new Takoma Park houses, condos and townhomes as soon as they list, and we share coming-soon homes when sellers allow it. Call (301) 275-7744 or book a consultation.
What should I check before moving to Takoma Park, MD?
Check the address, not just the area, before moving to Takoma Park, MD. Drive your commute at your real departure time, read any HOA or covenant rules, confirm the Montgomery County tax bill and run the school boundary tool for the address. Levi Loveless then pulls recent Bright MLS sales so your offer is grounded.
Tell us about your move. Levi or Taylor will reply personally, usually the same day.