Is Parkton, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Parkton is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Parkton has remained a Seller's Market.

Key Takeaway

Parkton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Parkton, MD cost?

Median Sold Price

$627,500

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$95,000(+17.8%)

Key Takeaway

Homes in Parkton have sold for 17.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $199.9K$244.5K
+22.3%
3 $440K$407.5K
-7.4%
4 $540K$662.5K
+22.7%
5+ $637.5K$766K
+20.2%

Median Sold Price Compared To Nearby Cities

Parkton
+17.8%
Sparks Glencoe
+2.4%
White Hall
-7.1%
Monkton
-7.7%
Freeland
-9.3%

How many homes are available in Parkton, MD?

Number of Homes For Sale

Oct 2022Nov 2022%
2416-33.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 11
0.0%
3 95
-44.4%
4 107
-30.0%
5+ 43
-25.0%

Number of Homes Sold

Oct 2022Nov 2022%
125-58.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Parkton, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
10 Days46 Days+346.2%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Parkton are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Parkton, MD

Number of homes for sale in Parkton, MD real estate market have reached 16. In November 2022 in Parkton, MD there were 33.3% less homes for sale than in October 2022. The median list price of listings available in November 2022 was $627,500, while the average time on the real estate market was 46 days. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 22.3%, prices of 3 bedrooms properties decreased by 7.4%, prices of 4 bedrooms properties increased by 22.7%, prices of 5 bedrooms properties increased by 20.2%. This housing market inventory have changed: 1 bedroom homes did not move, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes decreased by 44.4%, 4 bedrooms homes inventory decreased by 30%, volume of 5 bedrooms homes went down by 25%. Over 2 listings were sold over their listed price in November 2022 in Parkton, MD. In the same period over 2 listings were sold below the listed price and 1 listings were sold for the listed price.

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