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 September 2021

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.

How much do homes in Parkville, MD cost?

Median Sold Price

$265,216

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$14,607(+5.8%)

Key Takeaway

Homes in Parkville have sold for 5.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $90K-
N/A
2 $175K$175K
0.0%
3 $245K$253.6K
+3.5%
4 $299K$310K
+3.7%
5+ $340K$392.7K
+15.5%

Median Sold Price Compared To Nearby Cities

Parkville
+5.8%
Nottingham
+5.3%
Baltimore
+2.1%
Glen Arm
-2.9%
Towson
-4.2%

How many homes are available in Parkville, MD?

Number of Homes For Sale

Aug 2022Sep 2022%
230229-0.4%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 1613
-18.8%
3 121118
-2.5%
4 7070
0.0%
5+ 2328
+21.7%

Number of Homes Sold

Aug 2022Sep 2022%
7869-11.5%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

28 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. 40.6% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
12 Days15 Days+21.3%

Breakdown of Home Sale Times

61 Homes Were Sold
Under 30 Days

6 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.

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

About Parkville, MD

Parkville, MD has 229 homes for sale to choose from. Between August 2022 and September 2022, Parkville, MD real estate market has seen decrease in the number of listings by 0.4%. In September 2022, listings were on the market for 15 days. During the same period, the median list price in this real estate market was $265,216. Listing prices have changed in this real estate market between August 2022 and September 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties stayed the same, prices of 3 bedrooms properties increased by 3.5%, prices of 4 bedrooms properties went up by 3.7%, prices of 5 bedrooms properties increased by 15.5%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went down by 18.8%, the quantity of 3 bedrooms homes went down by 2.5%, 4 bedrooms homes inventory did not change, the quantity of 5 bedrooms homes went up by 21.7%. In September 2022 more than 28 listings in Parkville, MD were sold above the asking price. During the same period more than 22 listings were sold at asking price, while more than 19 were sold below.

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