Home | Newsletter | Advertise
loading...

Takoma Remains a Fan Favorite For DC Homebuyers

  • July 17th 2019

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

A home that sold recently in Takoma DC. 

With the summer housing market underway, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today, we head over to Takoma.

The market in Takoma has consistently been one of DC's more robust in recent years and a place where single-family homes have been relatively affordable. However, that may be changing. Home prices are up 27 percent in 2019, however that doesn't appear to be deterring buyers as the contract ratio last month hit 3.5. Below are a few other statistics that UrbanTurf pulled out about the neighborhood market. 

  • $627,250 -- The median price for homes sold in 2019 in Takoma, up 27 percent from 2018.
  • 99.9% --The median sales price to original list price ratio in June. 
  • 3.5 -- The contract ratio in June (the total number of homes under contract in a given period to the overall number of active listings), one of the highest ratios in the city. 
  • 20 days -- The supply of homes on the market in June. 

Similar Posts:

See other articles related to: takoma, takoma dc, takoma dc housing market

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/takoma-remains-a-fan-favorite-for-dc-homebuyers/15665.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse