Is Parkton, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Parkton has remained a Buyer's Market.
Key Takeaway
Parkton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Parkton, MD
How much do homes in Parkton, MD cost?
Median Sold Price
$634,950
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Parkton have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Parkton was $634,950 in March 2024, up 6.7% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $244.5K | - | N/A |
| 3 Bedrooms | $400K | $500K | +25.0% |
| 4 Bedrooms | $700K | $660K | -5.7% |
| 5+ Bedrooms | $725K | $700K | -3.4% |
Summary: Parkton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Parkton | $595K | $634.9K | +6.7% |
| White Hall | $527.5K | $507K | -3.9% |
| Sparks Glencoe | $420.9K | $399.5K | -5.1% |
Housing Supply in Parkton, MD
How many homes are available in Parkton, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 28 | +33.3% |
Summary: The Parkton real estate market had 28 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Parkton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parkton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Parkton in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Parkton, MD
How long does it take to sell a home in Parkton, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 35 Days | +51.1% |
Summary: Homes in Parkton had an average of 35 days on market in Mar 2024, up by 51.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Parkton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Parkton; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
