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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Parkville is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Parkville, MD

How much do homes in Parkville, MD cost?

Median Sold Price

$297,833

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$27,833(+10.3%)

Key Takeaway

Homes in Parkville have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in Parkville was $297,833 in March 2024, up 10.3% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$255K
N/A
2 $190K$211.5K
+11.3%
3 $254K$275K
+8.3%
4 $320K$355K
+10.9%
5+ $367.5K$385K
+4.8%

Summary: Parkville 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 increased by 11.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Cities

Parkville
+10.3%
Towson
+9.8%
Nottingham
+3.3%
Baltimore
+2.5%
Glen Arm
-2.4%

Housing Supply in Parkville, MD

How many homes are available in Parkville, MD?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
239255+6.7%

Summary: The Parkville real estate market had 255 homes for sale in March 2024, a 6.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 1215
+25.0%
3 120130
+8.3%
4 7577
+2.7%
5+ 3232
0.0%

Summary: The Parkville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3152+67.7%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Parkville, you could pay more than the asking price. 36.5% of homes here sold above asking price last month.

Summary: A total of 52 homes were sold or pending in Parkville in March 2024, up by 67.7% month-over-month. Of the 52 sold homes, 29% were sold under asking, 35% were sold at asking, and 37% were sold over asking.

Days on Market for Parkville, MD

How long does it take to sell a home in Parkville, MD?

Average Sale Time

Mar 2023Mar 2024CHANGE
24 Days16 Days-31.9%

Summary: Homes in Parkville had an average of 16 days on market in Mar 2024, down by 31.9% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 52 homes were sold in Parkville; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

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

Report Updated 18 Days Ago

Newest Listings in Parkville, MD

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