Is Central Park Heights, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Central Park Heights has remained a Seller's Market.
Housing Prices in Central Park Heights, MD
How much do homes in Central Park Heights, MD cost?
Median Sold Price
$127,500
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Central Park Heights was $127,500 in May 2024, up 70% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $40K | $80K | +100.0% |
3 Bedrooms | $73.2K | $127.5K | +74.1% |
4 Bedrooms | $181.2K | $175K | -3.4% |
5+ Bedrooms | - | $136.5K | N/A |
Summary: Central Park Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 74.1%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Central Park Heights | $75K | $127.5K | +70.0% |
Cylburn | $235K | $230K | -2.1% |
Housing Supply in Central Park Heights, MD
How many homes are available in Central Park Heights, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 38 | -5.0% |
Summary: The Central Park Heights real estate market had 38 homes for sale in May 2024, a 5.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 25 | 21 | -16.0% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Central Park Heights housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Central Park Heights in May 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Central Park Heights, MD
How long does it take to sell a home in Central Park Heights, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
50 Days | 64 Days | +27.6% |
Summary: Homes in Central Park Heights had an average of 64 days on market in May 2024, up by 27.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Central Park Heights; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.