The prices in real estate in Takoma Park, in the Maryland region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Takoma Park has remained the same in the last 6 months. In December, the average price per sq.feet was $273. In January this price pretty much remained the same at a value of $263 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $268 to $263 per sq.feet. The price per sq.feet has increased 109 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $265.5 to $289.5 during April, and May.
Based upon to the price in Takoma Park (cities), this has gone up in the last 6 months. The average price for December is $490,139. During January the price had a slight fall till $443,864. During the following two months (February, March) the average price fell 94 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 150 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $505,465 they are 64 % more affordable than the average price for Takoma Park. The properties with the highest average price have 4 bedrooms, Their price is 49 % more costly than the average. After that we have properties with 3 bedrooms priced at $562,177.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $215 / sq.feet, with an average $277 / sq.feet price in Takoma Park. The properties with the highest average prices have 3 bedrooms. They are 14 % more expensive than the average followed by properties with 2 bedrooms with a price at $311 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $505,465 it is 41 % cheaper than the average price in Takoma Park. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $439,831 it is 52 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $395 / sq.feet followed by "Condo" priced at $616 / sq.feet. "Townhouse" is the most costly type of property with a $803 / sq.feet cost followed by "Condo" with an average price of $616 / sq.feet.