Is Takoma Park, MD 20912 a buyer’s or seller’s market?

The Takoma Park housing market right now

In the three months ending August 31, 2026, 36% of homes in Takoma Park, MD 20912 sold above their list price, the typical home went under contract in 38 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 51 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 29%, homes sold faster (42 days then) and the median sale price fell 10% to $669,710. Overall, Takoma Park is more competitive than a year ago, so tougher for buyers.

Within Montgomery County, homes here sell faster than in 54% of the county’s ZIP codes, and sell more often over asking than in 66%. On our competition score, Takoma Park ranks #68 of 241 MD ZIP codes with enough sales (score 74 out of 100).

Nearby, buyers who want less competition could look at Garrett Park 20896 (0% sold over asking) or Washington Grove 20880 (0% sold over asking), while Silver Spring 20905 (74% sold over asking) and Boyds 20841 (51% sold over asking) are even more competitive.